Lets Talk Money
Yes Virginia...This is a Holiday Inn

According to a recent†study†released by the U.S. Census Bureau, more Millennials are living with their parents than in any other living arrangement, with one in three 18-34-year-olds living at home. Add to this the fact that according to The National Alliance for Caregiving, 22% of American households are providing some level of financial or emotional support for an aging loved one, and you have the classic description of the sandwich generation. Now I should pause to state (as I tap on my wooden desk) that none of my four grown children, aged 25-32 live at home. That's not to say we don't have to provide occasional support or that they don't struggle financially. They all do. But they prefer the struggle over being dependent, and for that I am both proud and grateful.

Among the findings from the Census Bureau study:

  • In the 1970s, 8 in 10 people married by the time they turned 30. Today, not until the age of 45 have 8 in 10 people married.
  • In 2005, the majority of young adults lived independently in their own household, which was the predominant living arrangement in 35 states. A decade later, by 2015, the number of states where the majority of young people lived independently fell to just six.
  • More young men are falling to the bottom of the income ladder. In 1975, only 25 percent of men, aged 25 to 34, had incomes of less than $30,000 per year. By 2016, that share rose to 41 percent of young men. (Incomes for both years are in 2015 dollars.)
  • Between 1975 and 2016, the share of young women who were homemakers fell from 43 percent to 14 percent of all women aged 25 to 34.

And the one that really sticks out to me...

Of young people living in their parentsí home, 1 in 4 are idle, that is they neither go to school nor work. This figure represents about 2.2 million 25- to 34-year-olds.†

Reminds me of this classic commercial.

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Monday, June 26, 2017
Yes Virginia...This is a Holiday Inn
Thursday, June 08, 2017
Know When to Introduce Humor
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Caregiving and Family Relationships

 

 

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