Adults still living at home is causing a luxury boom

[Canada Goose]

Where in the article did it say the kids were paying nothing? The tone of this thread seems to be that of jealousy.

I just assume that these ppl wouldn't be able to pay Bills AND buy luxury with their salary. I thought the ppl the article is talking about is people with average middle class salaries.



There's this youtuber who does videos about Social Security and the boomers and seniors in his comment section are down bad. Makes one think that helping out your parents with expenses would eat into their kids expenses to the point that the kids wouldn't be able to afford luxury

 

[1thouwow]

My brother moved in with my parents and been taking flights monthly

 

[IsThatBrothaMouzone?]

Boomer's millennial kids?

*Edit - its true boomers had both millennial and gen x kids, probably more weighted towards gen x until u get to their 3rd or 4th kid. Tahaha

It all depends frfr....for 80s Millenials, our parents are mostly Boomers...at least among my friends and fam. Our parents were pretty much all born between 1945 and 1955.

The younger Gen Xers born in the 70s might have older Boomer parents too. 90s Millenials seem to lean towards Gen X parents.

I always say, if your parents were like "wtf is this" when rap music hit big...probably a Boomer (especially older Boomer). If your parents knew who was hot and poppin in 80s hip-hip at the peak, probably Gen X or a very tail end Boomer.

 

[IIVI]

Real shyt though, if your parents' place ain't paid for yet and you working you may as well pay into that rather than rent someplace else.

 

[silk scarfs]

no it’s not.

Anyone I know working transit, DEP, sanitation, bridge and tunnel, financial sector, sales, film industry ETC ETC ETC can afford rent.

Plenty of blue collar working MFs with their own place. It is harder to do in NYC than the rest of the country but it is not damn “near impossible” I got a cousin who’s borderline retarded making 115k.

Oh, and don’t live somewhere like Atlanta/houston/phoenix and be forced to have a car note/auto insurance gas ETC.. it’s cheaper to just pay nyc rent

thats not the majority. majority of young people are making 15 hour in nyc. 33k a year before taxes. this is wild ignorant to say. those government jobs is small percantage of jobs available. entry level mta job as a cleaner only making 18. DOT making 20 hour and u need your own car. sanitation only starting at 40k. thats nowhere near to get a apartment. your retarted is not the rule he is the exception. majority of people are working multiple jobs and struggling in nyc.

 

[CashmereThoughts]

thats not the majority

I said nothing about Majority. I responded to a stated near impossibility.

this is wild ignorant to say.

Whats ignorant is you formulating this opinion/response with your added in narratives. Your responding to a whole lot I didn’t say.

 

[CrimsonTider]

Lol You can’t build up a savings account AND use the money to buy luxury too.

why not.

 

[boogers]

I thought these adults still living at home was financially contributing to the household. Seems like some parents are letting their kids keep their whole paycheck Don't contribute to rent or food, how are these boomer parents surviving in this inflation era taking care of adults who don't contribute NOTHING financially to the household?

im 35 and i left home at 17. i had to move back in with my family twice between 17-35 and each time i got out as soon as i could. and i always worked and helped with bills and shyt around the house but my mom always took advantage of my money. shes like that. nickel and dime you to DEATH. smh

ive heard about men being 40+ and still living with their moms.. shyt is sad

like dont you have any self esteem or desire to try to make your own way in this world? the fukk is that shyt about

 

[IIVI]

Share of Americans living paycheck to paycheck rises to 63% — here's how to get your finances back on track

The high cost of living is straining household budgets across the board. These moves can keep your budget in check heading into the new year.

www.cnbc.com

Not sure if shared yet.

Look at that number: 63%.

Not too far from 75%.

The thing is plenty of shyt out there will get you. Looking at modern subscription services is a great way to start.

I mean folks from 10 years ago even didn't have these ridiculous amount of subscription services to get standard, modern content. Not to mention to get most streamed content you need a good internet connection - again, not cheap.

The average American spends $200+ on subscription services a month.

Additionally phone services that accompany smartphones. In 2022 that's a base need.

Not even counting things like cloud storage, data plans, car payments, etc.

To keep up in modern society you need so many "luxuries" to simply maintain a baseline, not necessarily get ahead of anyone and ball out.

Seriously, take all your subscriptions and multiply them out for a year, then multiply them by 5.

You'll be at how much money you've spent over five years from those subscription services alone. Folks could have paid off some of their cars if they used that money from their subscription services so it's technically like having two car payments. I'm pretty sure some folks out there can probably save $200 a month because they cut some subscription services they don't need. Remember somebody that makes over $100k a year really ends up with about $50k-$60k after you account for healthcare, taxes, etc. That $3k you save a year on streaming services is not an insignificant chunk of money.

 

[Wild self]

im 35 and i left home at 17. i had to move back in with my family twice between 17-35 and each time i got out as soon as i could. and i always worked and helped with bills and shyt around the house but my mom always took advantage of my money. shes like that. nickel and dime you to DEATH. smh

ive heard about men being 40+ and still living with their moms.. shyt is sad

like dont you have any self esteem or desire to try to make your own way in this world? the fukk is that shyt about

The thing is, people too selfish to work together in order to change the world for a better place, and take it out on their children that have to use bootstraps just to have basic needs that their parents didnt have to do so 30 to 40 years ago. This is pretty much new age feudalism.

 

[islandgirl954]

My two sisters that live with my parents have been going on European and Asian vacations all pandemic never having a dime mean while I'm here taking care of power younger siblings and 3 dogs in a two bedroom condo in Florida struggling.

 

[Spence]

Let one of my daughters come home with a Louis bag and no rent, her ass getting applications put in for apartments the next day

 

[TheKongoEmpire]

How the standard of what is considered fresh has changed over time is wild. People used to get killed over $100 J’s and Starter jackets that had no resale value back in the early 90’s. I can understand folks getting murked over 8ball leathers, shearlings and Pelle’s in NY back then because those things retailed for like $800+ even back then not adjusted for inflation. In the early 2000’s, you was good with $5 6XL Galaxy white tees, $60 Girbaud jeans and Forces maybe dropping $250 occasionally on a throwback or authentic jersey, $600 for an Avirex leather. Now, dropping $1300 on a single pair of sneakers, $900 for a logo hoodie and $1800 on jacket is normalized across all demographics from the hood to the burbs in a time of historic inflation, stagnant wages and a tight job market where shytty low paying high turnover jobs have replaced good paying ones.

Crazy isn't it. American capitalism ftw.

 

[EffYou]

Lol this worlds fukked… no wonder so many folks welcome death

 

[Rawtid]

Let one of my daughters come home with a Louis bag and no rent, her ass getting applications put in for apartments the next day

What if a man bought it for her?