…While Maintaining at Least a Little Dignity
That’s certainly how the regular spate of “What’s the matter with the menz?” articles portray it. The fact that the number of 25-34-year-olds who are living with their parents has doubled since 1980 (it now sits at 22%), and that more men in that age group than women have moved back home (22% versus 18%), is often used as evidence that young men are willfully refusing to grow up these days, and have gladly traded their manly independence for a chance to play video games in mom and dad’s basement.
“I’m back……” |
- Higher education costs. Back when your Baby Boomer parents were in college, a semester of school cost just a few hundred dollars, and it was easy to graduate with little to no debt. But since 1980, college tuition has increased between 1 1/2 and 2 times the inflation rate each year. Today students can graduate $25-$100k in debt, double that if they go on to graduate school.
- Dismal job market for young people. Since the 1970s, real income has declined for young people, and the job market has gotten more competitive. The current recession only made things worse. The first decade of the 21st century constituted one of the toughest job markets for young people in recent history. Today just 54% of adults between the ages of 18-24 are employed. The recession also hit the paychecks of young people more than any other age group.
- Increased education requirements. Fifty or sixty years ago, a man could get a decent paying job with just a high school education. Today’s job market typically requires candidates to not only have a college degree, but often an advanced degree as well. Because schooling is now both more expensive and lengthier, it’s taking young people longer to become financially independent.
- Increased housing costs. On average, your parents and grandparents probably spent only 1/3 of their income on housing. Today 1 in 4 Americans are spending more than half of their income putting a roof over their heads. With housing costs up and paychecks down, getting a place of their own has become much more difficult for those in their 20s.
- Decreasing generational gap. The rift between Baby Boomers and their GI generation parents is the stuff of pop culture legend. Boomers and GI’s often had completely different tastes in music, dressing, and values. Boomers couldn’t wait to leave home, and their parents were glad to see them go. These days, many of the Millennial generation get along great with their parents and consider them friends. Parents and children listen to the same Jack Johnson songs and sit down to watch Boardwalk Empire together. And because many Boomer parents worked full-time when their kids were growing up, they aren’t sick of their offspring yet and like having more time to spend with them.
A Man’s Guide to Moving Back in with His Parents…While Maintaining at Least a Little Dignity | The Art of Manliness