Oddbean new post about login | logout Why are young adults still living at home? Hint: It's not just mortgage rates. I'm beginning to think about going back to full time work, so I'm checking the job boards. Almost every job description wants people on-call. I spoke with a hiring manager recently who told me a job was 6 days/week and mandatory OT. Employers need to get their money's worth, and benefits are a major employee cost. Up until recently they've been able to demand long hours. Now, not really. http://theeconomiccollapseblog.com/almost-half-of-all-young-adults-in-the-united-states-are-living-with-their-parents/
The fact that an employer has to provide a 20 Y.O. kid full boat health insurance is ridiculous. In your 20s the biggest health expense is having babies, and once they get pas the first 2 years or so that drops pretty quickly. And when you're 20 why would you want to work 6 days a week? Or get colonoscopies? The whole housing "crisis" isn't. You move out and get a place with roommates. After you meet a reasonably decent girl, that's when you look for your own place. But that's later on.
@34b3698a As for youngsters living with parents, my son lives with me for several reasons: 1. This is his chance to build up a savings account 2. He can take time to find the job he wants instead of jumping at the first paycheck that comes near. Once he gets his own place, he loses a lot of flexibility.