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More Millennials in mom’s basement
The New York Post ^ | May 18, 2014 | Stephen Mihm

Posted on 05/20/2014 8:10:06 AM PDT by 2ndDivisionVet

A recent study by William Frey at the Brookings Institution shows that young Americans between the ages of 25 and 34 have remained stuck in place in the aftermath of the recession. Their geographical mobility rate is extraordinarily low: By one estimate, only 20.1 percent of millennials moved in the past year.

And that figure includes local moves: down the street and across town. When you look at “long-distance moves” — between counties or states — it is only 7 percent, close to a historical low.

“Millennials are mired down,” Frey said. They’re “very cautious about buying a home or moving to new areas.”

That’s an understatement. If history is any guide, they’re more than cautious. They’re downright paralyzed.

From its earliest years, the US was known for the geographical mobility of its population. European visitors gaped at the streams of migrants headed west, stunned at the willingness of Americans to take off on foot, horseback and canal boat.

“A man builds a house in which to spend his old age, and he sells it before the roof is on,” reported Alexis de Tocqueville, who visited in the 1830s.

De Tocqueville’s account was little more than an impression. It wasn’t until the 20th century that historical statisticians began to compile data that helped flesh out claims that Americans were in perpetual motion.

Researchers have confirmed that Americans were fairly peripatetic throughout the 19th and early 20th centuries. For example, studies of rural counties in Iowa and Wisconsin found that between 70 and 75 percent of the adult working population vanished in the 10-year intervals from 1860 to 1870 and from 1870 to 1880....

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: economy; jobs; millennials; unemployment
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So he's dragged us down so far that we're worse off than 1870?! And WE LET HIM DO IT!!
1 posted on 05/20/2014 8:10:06 AM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Sounds like a horror movie. “The Millennial in Mom’s Basement.”


2 posted on 05/20/2014 8:14:43 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: 2ndDivisionVet

And some “boomers” too!

Mom just kicked my 56 yr old brother out for the third time.


3 posted on 05/20/2014 8:14:45 AM PDT by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: G Larry

What?


4 posted on 05/20/2014 8:21:00 AM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: 2ndDivisionVet
American's are generally less mobile because they understand that transferring with a company does not mean job security. Many years ago, the people who moved were safe in cutbacks but today this is not the case.

Now for basement dwellers. Having witnessed this in my own neighborhood I am stunned how many parents put up with this behavior and worse, actually enable this behavior. Sadly, I have seen a bright, employed, responsible teenager turned into to an unemployed, half educated, basement dweller only because of the enabling of the parents. Sure the parents say they are disappointed but make car payments, pay insurance and build a room in the basement.

5 posted on 05/20/2014 8:22:45 AM PDT by 11th Commandment ("THOSE WHO TIRE LOSE")
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To: 11th Commandment

You just described the situation of my youngest sister and her son (age 21). College dropout, moved back into Mommie’s house, part time sandwich maker, Mommie pays for everything. Pathetic.


6 posted on 05/20/2014 8:28:16 AM PDT by Newtoidaho
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To: G Larry

The reality for me is without the pile of entitlement programs out there, my wife’s daughter and grand daughter would be here now rather than part time living away partly subsidized by her mother. Oh questions about dad? Well, he is in the picture but not married to her. See, along with not bothering to complete high school, not bothering to get a job, not bothering to learn any trade, she did manage to parent a child by another while still married to the first hubby. Mom also footed the legal bill to keep the hubby off the birth certificate. Sometimes I wonder why I have no hair.


7 posted on 05/20/2014 8:30:39 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: Newtoidaho

See note 7


8 posted on 05/20/2014 8:31:04 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: 11th Commandment

Exactly. There were a couple of job opportunities that I passed up because of the risk. In both examples, I would have uprooted my family, moved across country only to be laid off a few months later.

It might have been okay for me when I was a young kid but not as I got older.


9 posted on 05/20/2014 8:41:28 AM PDT by dhs12345
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To: 11th Commandment

I have a friend like that. Her 28-year-old son lives with her. She charges him nothing, and in fact pays for his food and medical insurance. He does not even try to get a job. He sleeps in until noon or 1:00 p.m. every day, during which time my friend has to whisper and tiptoe around the house so as not to disturb him! She also can’t leave the house until he gets up, since street parking is not allowed in their neighborhood, and his car blocks hers in the driveway. Any sane parent would say, “Get up, move your car, and while you’re at it, go look for a job!” It’s insane. I know it’s tough for young people to get jobs nowadays, but he doesn’t even try to get one, nor does she ask him to try. I have to bite my tongue over and over again when I talk to her. I suspect there are far too many others in the same situation.


10 posted on 05/20/2014 8:48:13 AM PDT by Nea Wood (When people get used to preferential treatment, equal treatment seems like discrimination.-Sowell)
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To: 2ndDivisionVet
"He" and his associates do not have the intelligence or the steadiness to drag us down; that is being effected by "his" masters and their abnormal fear of expulsion and exclusion. Further, some of the master class wish to sate their insatiable greed at the taxpayers expense. "He" and his administration are tools allowing control by those incapable exercising effective governance. Those that are greed driven controllers are "looters" in the best Ayn Rand meaning of the term.(Solyndra etc.) We are undergoing a national disaster and most people do not even know why.

Blinding the American people is their present degeneracy; i.e. their devotion to drinking, drugging, eating, copulating with boys and/or girls indifferently, evacuating their bowels, snoring and attending "The Games!" The left and its controllers, at present,( P.C. reflects leftists fears)- have only fears that the American will come out of their living death. Whether or not the leftist fears are justified remains to be seen.

11 posted on 05/20/2014 8:51:24 AM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: 2ndDivisionVet

I think the best thing is to learn a skill or trade that a person can use to either remain independent or as a contingency plan should they get downsized with their company.

The days of getting a good education to find a good job/career as a life plan are about over, methinks. No loyalty anymore, if it ever existed at all. Soon these who have come to depend on taxpayer money to live will soon be SOL when that gravy train comes to an end as well.

Be the master of your own destiny. That is the way to reduce the risk of living in America. And the most rewarding.


12 posted on 05/20/2014 9:02:10 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Nea Wood
I understand the situation that you describe has been du rigeur in Europe for a few decades now.

Which was, after all, the CHANGE we were promised.


13 posted on 05/20/2014 9:13:29 AM PDT by Buckeye McFrog
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To: Buckeye McFrog
I understand the situation that you describe has been du rigeur in Europe for a few decades now.

De rigueur? Perhaps (though certainly not for decades) in peripheral countries like Greece, Spain, and Portugal - but not in Central European countries like Germany and Austria.

Regards,

14 posted on 05/20/2014 9:39:10 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: 2ndDivisionVet
"Living in your parents' basement is good for the economy!"

- Nancy Pelosi

Not really.

15 posted on 05/20/2014 9:46:07 AM PDT by Steely Tom (How do you feel about robbing Peter's robot?)
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To: 2ndDivisionVet

I guess I am in the 7% that moved last year, to pursue my own life in North Carolina.


16 posted on 05/20/2014 9:49:51 AM PDT by JSDude1 (Defeat Hagan, elect a Constutional Conservative: Dr. Greg Brannon!)
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To: 2ndDivisionVet

To a large degree the millenials brought this situation onto themselves with their stupid voting habits and for that reason I have no sympathy for them.

I left home at 18 and never came back, well, I did return briefly for visits. Not long after establishing myself, I had nightmares in which I was laid off and had to return to my mother’s home to live. Obviously, these folks are not inclined to those kinds of nightmares.


17 posted on 05/20/2014 9:50:16 AM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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To: OldPossum

Mine are about returning to high school. YIKES!


18 posted on 05/20/2014 9:51:49 AM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: 2ndDivisionVet
We are toying with the idea of having my MIL come live with us now that she's well into her 70s and developing dementia.

So, we've been looking at homes with small guest houses in the back. But, we found a new builder who is touting a "home with in a home". They are building homes now with in-law suites.

We looked at one and the house portion was a bit too small. So, we went on to look at some other models--the in-law suite was only getting bigger and nicer while the main house was staying the same. Exactly the opposite of what we were looking for. I was perplexed as to WHY this was...

Then it occured to me what a BAD SIGN this was---because the IN LAWS are buying the houses. That generation is the only group left with any wealth.

So, then last night, I am doing some work and some sit-com was on one of the standard channels. (Mike and Molly, I just googled it). I rarely watch TV but this show caught my eye.

For one the two middle aged main characters were a middle aged, obese couple WHO LIVED IN HER MOTHER'S HOUSE.

There was a ton of other cultural Marxist conditioning but, yeah, we are being prepared for living off the corpse of the wealth of the boomer generation and never replacing it.

19 posted on 05/20/2014 9:59:08 AM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: riri

We’ve watched that show since its inception for several reasons: The girl is funny and we’re both big people. It tries to promote racial inclusion, drinking, marijuana mainstreaming, multi-generational living and immigration. Just as Modern Family valiantly tries to mainstream gay marriage.


20 posted on 05/20/2014 10:05:41 AM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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