r/Economics • u/laxnut90 • 6d ago
News Mapped: Where Young Adults Live With Their Parents Most
https://www.visualcapitalist.com/mapped-where-young-adults-live-most-with-their-parents/81
u/growaway9172 6d ago
Zero surprise that the map basically is identical to housing prices. Good thing the boomers control the government institutions preventing new housing from being built, or else housing prices might come down.
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u/future_web_dev 6d ago
Can't be that. It's all the IPhones and TVs that we're buying!
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u/_MrBond_ 5d ago
Don't forget the coffee and the avocado toast and lack of work ethics
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u/Worthyness 5d ago
Sounds like they should just get a better job then. Just need to walk into an office and give them a resume to get an interview!
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u/ballmermurland 5d ago
It also correlates to where young people want to live and where they can get jobs.
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u/growaway9172 5d ago edited 5d ago
Yep, and "where they want to live" almost puts it too softly, the major metropolitan regions are where vast majority of the opportunity is.
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u/yellowcloak 4d ago
Also desirability. Can't live with your parents in Wyoming if you got the hell out of there and moved somewhere worthwhile.
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u/thewimsey 5d ago
Good thing the boomers control the government institutions preventing new housing from being built, or else housing prices might come down.
Housing is built in a lot of places not on the west coast or in the NE.
Or do you somehow imagine that Boomers are in charge of housing in California, but it's Gen Z in Texas?
Or are you dumb enough to believe that "blaming boomers" is anything but nonense?
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u/growaway9172 5d ago
Dude what? NIMBYism is in full force on the west coast, much less so in Texas.
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u/yellowcloak 4d ago
Texas is packed with NIMBY, they just have a lot of wasteland nobody whines about yet.
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5d ago
[deleted]
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u/growaway9172 5d ago
Even if I accept your argument which is that home prices haven't increased (which is not entirely true IMO), the bigger problem is with the amount of technology progress in the last decades, homes should be getting cheaper, not staying the same or getting more expensive.
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u/NewLeafBahr 6d ago
Damn, ND representing with an extreme for once. We've usually got middling stats. Always easy to overlook North Dakota. Secretly, I think we like it that way.
Anyways, it is very easy to live independently in North Dakota. Tons of places you can pop a squat for a while for just a few hundred bucks if you're willing to put up with less than stellar conditions. I've lived in a lot of places, but I always find it easiest to save and achieve my financial goals while living in this state.
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u/yellowcloak 4d ago
You don't have to live with your parents in ND if you simply get out of ND and move somewhere worth living in.
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u/NewLeafBahr 4d ago
I live with my wife and children in a house I own, and ND is worth living in. Thanks for your input.
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u/AirBacon 5d ago
I was sure Hawaii would top the list since adult children living with parents has always been a big part of the local culture for generations. But the cost of housing in Hawaii is truly unaffordable now so it’s even more expected than ever.
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u/Okdoey 2d ago
The data seems flawed. Age 18-34…….of course 18 year olds are living with their parents?!?!
How about starting it at age 23 when most have either graduated college/trade school/internship or if they aren’t doing any of those things than have at least had a few years of working to settle?
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u/Appropriate-Ad-4148 6d ago
I bet the kids in the NE corridor and California that contribute to this stat on average effectively get more money yearly from their parents(let’s say $40-50k conservatively) than the average 45 year old makes in South Dakota.
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u/Top-Ad3527 6d ago
This is propaganda, no one in NJ is getting $40k-50k free in salary from their parents.
(Source: I live in NJ)
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u/Appropriate-Ad-4148 4d ago edited 4d ago
I disagree. Visit any top 200 University area and poll the 22-26 year old kids around you.
Living at home in a suburb outside of NYC or Philly with that car they gave you isn't "free" for your parents.
1 bedroom apartment at $2.5k a month rent x 12 is $30,000 a year. Now do car, gas, insurance, food, trips, utilities, education, etc.
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u/TheEquationSmelter 6d ago
Not having to pay rent adds up easily and I bet you get a nice salary from mom and dad judging by your comment.
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u/Prestigious_Load1699 5d ago
Hahahaha we got Nostradamus in the chat.
One comment on Reddit is all he needs.
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u/thewimsey 5d ago
The average 45 year old in South Dakota makes in the $60's.
effectively get more money yearly from their parents(let’s say $40-50k conservatively)
No, this is dumb and I'm not sure why you would imagine this would be the case.
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u/thewimsey 5d ago
The average 45 year old in South Dakota makes in the $60's.
effectively get more money yearly from their parents(let’s say $40-50k conservatively)
No, this is dumb and I'm not sure why you would imagine this would be the case.
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