Look at the part I bolded.


'I'm home!' Adult children move back in

By Les Christie November 4, 2011: 10:21 AM ET


NEW YORK (CNNMoney) -- With job openings scarce, getting adult children to leave the nest is becoming a lot more difficult.
The number of adult children who live with their parents, especially young males, has soared since the economy started heading south. Among males age 25 to 34, 19% live with their parents today, a 5 percentage point increase from 2005, according to Census data released Thursday. Meanwhile, 10% of women in that age group live at home, up from 8% six years ago.
Among the college-aged set, the 18- to 24-year-olds, 59% of males and 50% of females lived with their parents, up from 53% and 46%, respectively.
The fact that so many young people are unable or unwilling to flee the nest "cuts into the formation of new households quite a lot," said Mark Zandi, chief economist for Moody's Analytics.
Zandi calculated that there are about 150,000 fewer households being formed per year than the 1.2 million that would be in a normal, well-functioning economy.
A decline in household formation means depressed demand for homes and as a result, lower home prices, explained Lawrence Yun, chief economist for the National Association of Realtors.
But even if all of those young adults rented it still would have an impact on home sales.
Home prices heading for triple-dip
"If more young adults were in the market for rentals, rents would rise and higher rents can tip some households [of all ages] into buying homes," said Yun.
As a result, the economy as a whole suffers when young adults fail to venture out on their own.
Taking such a large number of people out of the market -- rental or purchase -- can lower property values sharply, according to Ken. H. Johnson, a real estate professor at Florida International University and co-author of a study on whether it's better to buy or rent.

"The real cost to home prices is the presence of vacant houses," he said. Empty homes make communities less bustling and attractive. Yards get overgrown, paint peels and roofs sag, giving whole blocks a forlorn look. The vacant homes also can invite crime. All that depresses prices.
It may be awhile before young adults start flying the coop. The unemployment rate among 25 to 34 year olds was 9.4% at the end of June, according to the Bureau of Labor Statistics, 0.3 percentage point higher than the national average. For younger adults, the job hunt has been even harder with 14.9% of those ages 20 to 24 out of work and 22.1% of 18- and 19-year-olds idle.
Long-term unemployment can devastate the prospects for young people, said Doug Duncan, the chief economist for Fannie Mae.
"The longer the period of unemployment lasts, the more that will affect their lifetime earnings," he said. "They will have less wealth and that could delay home ownership."
Check out your local home price forecast: 384 markets tracked
It can also affect where their parents choose to live after their kids come of age. Many couples eagerly anticipate closing the door behind their youngest children as they depart. They can then unload that big, family-sized house and move into something smaller and more affordable.
Instead, Junior comes home and those plans fly out the window.
"If there are fewer empty nesters, there will be fewer people downsizing," said Zandi. "If my son comes home from college and moves back in, I know I'm not moving."

Is it really wrong for children to live with their parents?

The system has been geared to make it hard for young men to establish themselves.  The young people living at home are unjustly stigmatized by uncharitable people who judge merit and worth on the amount of money they have and how well they fit in with this society.

And the older generation doesn't care so long as they get their retirement and health care.  

I've know a lot of middle class people who live in good neighborhoods whose parents support them by buying their homes for them.  Especially the parents of brides and young mothers.  

There are some people who see the necessity of sharing their resources with the next generation, then there are self-righteous people who take pride in their willingness to refuse to offer help in hard times..

S2s and Tele --

I agree that our current economic system is clearly out of whack, with young, hard workers completely unable to find gainful employment at times. Even when you find employment, it's often demeaning or insecure, hardly pays a wage sufficient for a man to support a household, or requires working odd hours and/or moving out of the town you grew up in.

That having been said...

I think part of the problem is also with young men today, who are notoriously immature. As a (CNN?) article about men said yesterday, "If 60 is the new 40, 25 is the new 13".

And yes, it's traditional (and good practice) for generations to help each other, and there's no real problem with being close to your parents/grandparents, and having established generations helping out the newer generation. Much better than having them "on their own" to the extent that they're eaten alive financially by the usurers.

But it's also traditional to be hard working and to do something gainful with the majority of your time as soon as you're physically able. Even if you're in your mom's basement by necessity -- you can be creating websites, working with leather, doing odd jobs (painting, installing carpet, lawn care, etc.) starting a home business -- the possibilities are endless. Playing video games, watching movies, and hanging out with friends? (I might add -- hanging out on message boards *grin*) There's never an excuse for that, no matter how bad the economy is.


Matthew

I've never understood the American stigma about living with or near parents either. Parents need care, kids need support whether moral, financial or a helping hand. There's so much good to be had all around from close relationships and the stigma always stikes me as being one more nail in the "generation gap" "individualistic" coffins. One more way to break families apart. I realize it can be difficult to live with parents but when families grow up with love and respect for each other, realizing that they are a unit, rather than being ingrained with the idea that "it's normal" to wait impatiently 'til they can spring out of there, the problems that do arise can be dealt with in a much more understanding and determined-to-make-it-work kind of way.  

Having said that, I do agree that if they live together they should ALL be contributing to the household, whether spiritually, physically, morally, financially or in whatever capacity they can. Even an invalid grandparent can be a goldmine of love and affection and prayer for their family. If the men of younger ages are simply sponging because they are overgrown children, there is definitely a problem.

In every generation it seems its easy to criticize young men, if they're not being sent to die in battle, they're lazy, "not mature" (not making enough money for Fellay  and Krah!), etc.  And I'm not going to say there aren't justifiable criticisms.  Of course there are.

But the real problems today have not been caused by young men.  They've been caused by old men.  They've been caused by women.  Young men haven't changed nearly as much as the opportunities available for them and the women they are supposed to choose among to find mates.

But you're not going to hear the priests talk about that.  You're going to hear them bully the young men, because that's what self-satisfied people want to hear.

I've never understood the American stigma about living with or near parents either. Parents need care, kids need support whether moral, financial or a helping hand. There's so much good to be had all around from close relationships and the stigma always stikes me as being one more nail in the "generation gap" "individualistic" coffins. One more way to break families apart. I realize it can be difficult to live with parents but when families grow up with love and respect for each other, realizing that they are a unit, rather than being ingrained with the idea that "it's normal" to wait impatiently 'til they can spring out of there, the problems that do arise can be dealt with in a much more understanding and determined-to-make-it-work kind of way.  

Having said that, I do agree that if they live together they should ALL be contributing to the household, whether spiritually, physically, morally, financially or in whatever capacity they can. Even an invalid grandparent can be a goldmine of love and affection and prayer for their family. If the men of younger ages are simply sponging because they are overgrown children, there is definitely a problem.

Up until not that long ago it wasn't unusual for adult children to live with their parents even after they married.  I dare say that the extended family all sharing the same abode it still the norm in many parts of the world.   I've said this on another thread that the all changed with the supposed "greatest generation".  There was a real break with past traditions with that generation, a change that has been detrimental for the overall good of families IMHO.  Prior to the hippie generation there was no such thing as a genertion gap.   In the past grandparents played a much more active role in rearing the grandchildren.  If both parents of young children needed to be employed in order to make ends meet the kids weren't shoved off to daycare to be cared for by people who don't give a crap about them.  They had loving grandparents to care for them. Women have been so brainwashed into thinking that they aren't fulfilled unless they have a career outside the home that even the grandmothers are out working and are no longer available to babysit the grandkids.  

BTW, I have two adult brothers who lived with my parents right up until the day they died.  One never left home.  It was good that they lived with my parents them and took such good care of them.  

People often say "Stop whining, I worked three jobs since I was 15 and paid my way through college..."  Here's the thing -- GOD DOESN'T ASK US TO LIVE THAT WAY.

This is why I like France.  It's a civilization, not a new version of Egypt like this Satanic hellhole. I must have had some kind of intuition when I refused to work all my life.  I admit it was wrong in some ways, but my horror at the pace and mindlessness of this society makes sense to me even now.  It's like I knew that I needed time to think and figure out what was really going on.  The devil is working people like pack-mules so that they will never stop and think about their souls.  It's obvious.

If I were Catholic, I just would have found a way to keep busy, but there is nothing honorable about the maniacal slave-driving pace of America.   I don't think it's a coincidence that the Apocalypse, when it talks about America / Mystery Babylon falling, puts it in terms of NO MORE WORK... Because that is all these people think about.

People often say "Stop whining, I worked three jobs since I was 15 and paid my way through college..."  Here's the thing -- GOD DOESN'T ASK US TO LIVE THAT WAY.

This is why I like France.  It's a civilization, not a new version of Egypt like this Satanic hellhole. I must have had some kind of intuition when I refused to work all my life.  I admit it was wrong in some ways, but my horror at the pace and mindlessness of this society makes sense to me even now.  It's like I knew that I needed time to think and figure out what was really going on.  The devil is working people like pack-mules so that they will never stop and think about their souls.  It's obvious.

If I were Catholic, I just would have found a way to keep busy, but there is nothing honorable about the maniacal slave-driving pace of America.   I don't think it's a coincidence that the Apocalypse, when it talks about America / Mystery Babylon falling, puts it in terms of NO MORE WORK... Because that is all these people think about.

It might have also been laziness!

Just curious, if you don't work, how do you afford to do anything?

Sounds like you "have it made"!