Posted on 07/30/2019 10:58:55 AM PDT by rightwingintelligentsia
Despite America's improving economic state as of late, a new study suggests millennials are not weaning themselves off of their parents' money particularly well – or at all. According to the poll, 46 per cent of millennials (that's anyone born between 1981 and 1996 typically) "admitted their parents help them with basic costs like their cell phone bill, their groceries, and their rent." Similarly, 48 per cent said their parents were their first stop for financial support above a bank loan or savings.
(Excerpt) Read more at steynonline.com ...
The oldest would be 38 years old and still getting help from mom and pop.
Let’s say they’re in their mid 60s, mom and pop.
Are they going to have to put off retirement for junior?
This is the fallout from selling our factories to China.
The Millennial generation has only low paid service jobs to look forward to in large part. Worse, if they’re white, they will be sidelined for a “diverse” job applicant.
We were told in the ‘90s how wonderful this would all be when we were all going to be network administrators and financial advisors. Asians would build everything and out of the goodness of their hearts, sell it to us for next to nothing.
But it’s really hard to work up any sympathy for this generation, because their parents voted for this and they vote for it now: overwhelmingly Democrat. How long will they vote to be stripped of their jobs, their property, their future?
Guess we’ll find out in November 2020.
One thing we do know: Trump showed them the way out of the forest. If they don’t follow....that’s their problem.
We are in the midst of another industrial revolution. Trump has made it much much better (now there are jobs) but to be honest I think we are going to have to go back to the family arrangements prior to the 50’s and 60’s, since these are an aberration. It was NEVER one man, woman, 2.5 kids. It was always extended families, and given the instability and rise of divorce, we will need to go back to the more stable model where everyone helps each other out. Otherwise it’s just p****** money away.
If I hear that 30 is the new 20 one more time I will be sick. The most ridiculous thing I ever heard. Such a crutch for spoiled whiners.
My folks raised me and sent me to college that they paid for, where I put in the work and Graduated. They gave me a used car when I got my first out of College job and that was it. On my own, and that was more than a lot of kids got.
yep
they should be helping mom and pop if they need it
The so called American Way holds independence from one’s parents in finances and living arrangements to be a desired goal. Yet I observe many immigrants living in extended family settings, an arrangement that seems to allow them to pool expenses and incomes to rapidly build wealth for the family. Anecdotal observation indicates they seem to be successful at least in terms of toys setting in their driveways and garages.
Yep. They also hire family first to do things, keeping the money in the family.
One more facet of an increasingly self-entitled and insecure society. I got the hell out of Dodge when I was 19 and didn’t look back. Not that I didn’t love my family, but because I wanted to explore the landscape. I’m no marital or financial role model and had to learn from my mistakes, but I had fun making them at the time. These younger generations think that all the interconnected gee-whiz technology nowadays means you never have to leave the womb.
7 years ago, I posted here crying about my daughter leaving for college. I appreciated you all’s support.
Now she is on her own, making good money as a medical lab technologist. REALLY good money. She started with making more than I EVER did per hour.
I still cry and miss her. But it needed to happen. Sorry for the double post.
My observation of my relatives over three generations of observation has been that some people take a crap in their lives at an early age. When part of that crap is/are children those kids don’t have much of a prayer. YMMV.
I was out of the house at 17 and didn’t ask for or was offered a single penny.
Too many these days won’t accept jobs below CEO status.
Judging from what we are seeing from AOC you’re not wrong ;)
bkmk
bkmk
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