this post was submitted on 26 Jan 2024
238 points (97.6% liked)

News

28936 readers
4410 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

Young adults in the U.S. are experiencing a very different trajectory than their parents, with more of them hitting key milestones later in life and also taking on more debt, according to a new report from the Pew Research Center.

A majority of young adults say they remain financially dependent on their parents to some extent, such as receiving help paying for everything from rent to their mobile phone bills. Only about 45% of 18- to 34-year-olds described themselves as completely financially independent from their parents, the study found.

Not surprisingly, the younger members of the group, those 18 to 24, are the most likely to rely on their folks for financial support, with more than half relying on their parents to help take care of basic household expenses. But a significant share of 30- to 34-year-olds also need assistance, with almost 1 in 5 saying their parents provide aid for their household bills.

More broadly, the survey offers a portrait of a generation that's struggling with debt in a way that their parents did not, with more of them shouldering student loans and, for those who own a home, larger mortgages than their parents had at their age. But the analysis also showed that young adults expressed optimism about their futures, with 3 in 4 who are currently financially dependent on their parents saying they believe they'll eventually reach independence.

top 50 comments
sorted by: hot top controversial new old
[–] myrdinn@lemmy.world 45 points 1 year ago (2 children)

I live with my grandparents. My 80 year old grandmother who never had to work offers me daily career advice. They bought many 3 bedroom brick homes in the late 80's for 15k and now rent them out for close to 1k per month. I love them dearly, but they've contributed to holding back an entire generation from homeownership. They got to enjoy life on easy mode and now wonder why I can't get my shit together. They wonder why I'm not buying a 350k house on a $15 an hour income, or getting married and starting a family.

Because you took everything and won't give it up. Because you used all the easy to reach resources. Because you fucked up pensions and healthcare and education and housing and every other facet of society and now don't care that I'm living in the shitstorm you created. Fucking hell.

[–] aniki@lemm.ee 6 points 1 year ago (1 children)

Ask them for a house and see what happens.

[–] Bakkoda@sh.itjust.works 6 points 1 year ago (1 children)

Someone's getting used bootstraps for Xmas!!!

[–] kenopsik@lemm.ee 2 points 1 year ago

At least they'll be nice and tight instead of all stretched out. Those grandparents' bootstraps were never pulled.

[–] GiddyGap@lemm.ee 4 points 1 year ago (1 children)

Please let me know where I can rent a 3-bedroom brick home for 1k per month and sign me up with your grandma's rental business.

[–] myrdinn@lemmy.world 3 points 1 year ago

They aren't super nice houses or anything. They're just small brick homes, maybe 1,200 Sq ft. They're what used to be considered starter homes, and now they're probably worth around 140k. The problem is there are no job opportunities in a small rural town other than fast food and grocery stores. No young person can afford to buy these old "starter homes" when they make $12-14 an hour. It would be irresponsible even for a 2 income household to finance something like these houses, and they are the cheapest in town.

New developments are going up because the older generations sell off their family land for insane prices. The new houses go for 350k. It's killing small towns because the young people leave. I don't know what the answer is, but I daydream about living simply in small villages and truly having a life vs whatever the fuck this is.

[–] 800XL@lemmy.world 29 points 1 year ago

Just as designed. This generation is going to be the most educated in history and that's horrifying to those in power, because between that and the free flow of information on the internet (until the tech industry walls it off) means the same line of bullshit they've perpetuated for over a century won't fool this generation.

Good on you all! Keep educating yourselves, asking questions and when they dismiss you be loud until they have to answer.

[–] Dagwood222@lemm.ee 17 points 1 year ago (8 children)

In 1960, minimum wage in the US was $1.00/hour and the price of the average house was $11,000.00 That was before Nixon decided to drop millions of tons of bombs on Vietnam and pay for it with paper money. Reagan came along and paid for his tax giveaways by printing even more money. In 1960, $1 million was considered a vast fortune that could buy a dozen luxury homes. Now it's what a rich guy pays for a party.

GOP polices destroyed the middle class.

load more comments (8 replies)
[–] rayyy@lemmy.world 6 points 1 year ago (2 children)

Young people could set up conditions to make a lot more money if they would all vote but the rich have convinced people that tax cuts for the wealthy are more important.

[–] go_go_gadget@lemmy.world 9 points 1 year ago* (last edited 1 year ago) (1 children)

if they would all vote

I'm sick of this fucking victim blaming. There's a reason why the DNC doesn't release demographic information for the primary elections. It's because the Boomers are dominating the primaries and enabling the DNC to continue running the same procorporate trash they've always run. If you're going to shame younger people for not voting then in the same sentence you should be calling out Boomers for being selfish pieces of shit and electing the worst possible options and fucking over everybody else.

[–] Thassodar@lemm.ee 2 points 1 year ago

When the DNC fucked over Bernie I lost all faith.

[–] Coreidan@lemmy.world 1 points 1 year ago

Acksually if your parents and friends would stop voting for trump then the world would be a better place

We got handed a shit sandwich.

load more comments
view more: next ›