New Jersey’s Boomerang Generation
Posted: Aug 16, 2013 3:59 PM EST Updated: Aug 19, 2013 10:57 AM EST
By Kate Mosso, @ChasingKate
Newark, New Jersey (My9NJ) –
Is 27 the new 18 when it comes to living at your parents’ house?
According to the US census Bureau, at least 1 in 4 N.J. adults, ages 18-31 live at home and 42% are 24 or older. Experts call it an “epidemic” of millennials leaching off their parents, but does a bad economy and student loan debt crisis justify the situation?
A new survey from Coldwell Banker says parents in the Northeast region are more lenient on this than anywhere else in the US on children moving back home.
But, according to the survey, more than two in three Americans believe that too many adults living at home with their parents are avoiding responsibility, and 65 percent believe too many young adults who move back home after college are overstaying their welcome.
https://www.my9nj.com/story/23158585/new-jerseys-boomerang-generation
Expensive and ineffective colleges, a jobless Obama recovery, medical insurance until 26, EBT cards. This is our president’s fundamental change of America he promised: a permanent (and growing) entitlement class of Democrat voters.
Well the way it is supposed to go is:
Student racks up lots of debt paying $50k / year for college. Immediately gets some low paying bs job, roommates, an apartment, a car with payments, a credit card (that was given to them on campus by some bloodsucker) which already has a few thousand on it and the student pays the minimum every month because he / she is “establishing good credit!!!”. Fast forward through the twentysomething years of partying and saving approximately zero, to a house with a 30 year albatross of a mortgage, and a couple little youngsters to follow in those footsteps.
You do realize who the real winners are in this scenario, right?
My kid can stay at home as long as she needs to, as long as she uses the time to free herself from the bloodsucking banks. Let some other sucker’s sucker kids prop up our ponzi economy.
#1 good! Good! Let the misguided blame flow through you! The longer you blame Obama for everything, the longer we can subjugate your ilk. Fight the good fight, Patriot!
Rob,
At least you can admit the true goal of those of your political persuasion — subjugating people. We will fight you and we will never surrender. You will never have the “Utopia” you want as we will never stop fighting against it.
#4, that’s fantastic. I admire a person who fights for what they believe.
I will say, however, that I have no idea what it is you believe, and that you clearly have no idea about my beliefs. If you are accusing me of being a bleeding heart welfare proponent, guess again, and thanks for playing!
Also, please adhere to the medication regimen as proscribe by your therapist. I just might own stock in that parma outfit.
Rob, Obama is just the next major link in the chain. FDR prolonged the depression. LBJ’s great society wasn’t that great and we have totally lost the war on poverty. Now BHO is our foodstamp president. Remember, we have to spread that wealth around. Even his smarmy elites are fed up with him – even if you aren’t.
Don’t borrow money if you don’t know how to pay it back!
If students don’t understand credit then they have no business signing on the dotted line. Lessons of being an adult. My kids did not sign up for credit cards in college because they knew that they would have to pay it back.
Don’t go to expensive private schools if you are going to need big loans. It is like buying a Rolls when a Toyota will do just as well.
No one is to blame for your debt but you. You tried to buy things that you could not afford and now you blame the banks. Did anyone who is in debt actually look at the disclosures for the loans that they signed? I could have gone into crazy debt too, but I controlled myself.