[RANT] Why some people in their late 20s to early 30s stay live with their parents?

Short answer to your rant: They're irresponsible nitwits.

Long answer: Unrelated to the aforementioned nitwits, there's an interesting trend going on wherein more young people are staying at home...but despite many a "oh noes" article, the Atlantic has a more likely explanation.

 

In many cultures (Asian primarily), parents are the responsibility of children so they stay with them to take care of them.

 

either:
A) millennials don't care about owning a house / living on their own
or
B) asian

 

I'm 24. Just started my first job out of college last month and hoping to finish graduate school in May. By then I'm hoping to have enough saved for a down payment on a house. I'd move out now but I would prefer to save enough now so I could own something instead of just throwing away money at rent.

 

Professional job market and rental costs; no need to over-analyze it. Our two most common domestic models: nuclear family, young urban professional; are really only about sixty years old, and really weren't feasible until electricity and a lack of World Wars came along.

 

I have several friends around my age that resemble what OP is talking about. Still live at home but their money habits are nothing like mine. These guys go out drinking almost every day, party it up, waste all their money on buying bottles, and have nothing to show for it. On top of that they're not going to school and don't have actual careers yet they choose to blow all their money on looking like they are worth more than they actually have which I just find incredibly stupid. I mean these dudes wear suits to a local neighborhood bar. Smh. Aren't planning anything for their future all while probably developing a bad liver.

 

I just moved into my first home last Monday. I have been working on Grad school while working full time. I have never liked the idea of staying at home, even though I am both Arab and Filipino. My ambitions keep me from wanting to become "that guy who lives with his parents still" even though all the other arab families have asked my dad why I moved out (asking because to them it is a sign of disrespect since I am not married yet).

 

Some of it is cultural. I am Mexican American and it is not nearly as frowned upon in our community. It's actually normal. Many of my friends have jobs, myself included but we live at home. It is a lot more common to move out when you get married then to move out just for independence. Personally, I work and go to school and it just makes more sense to add to my family's household income than to pay rent.

 

Cause they're freeloaders, broke, unemployed, and/or have no credit? Well, if you're white anyway. See...we whites get stereotyped, too. ;

 

Once I left for college at age 18, I never lived with my parents again. Actually never even had a roommate again. The counter argument to "throwing away money on rent" is that it's a great motivator to further your career (gotta get your bread up), as well as it's good for independence. Plus how are you gonna work it with the hunnies if you're living with your parents? Does not compute.

 

I'm 26, and those I went to high school with who are still at home with their parents are usually some combination of the following:

College dropouts
Drink too much/do drugs
F***ing morons
Received a bachelor's in something like history, psychology or philosophy and have no desire to go to grad school
Have no desire to have a better job than the retail job they've been working since they were 16

They put unbelievable strain on their parents, and I actually feel sorry for them when I bump in to some of them and we talk about what we're doing nowadays. It is hard for me to believe that so many people I knew in high school are, to this point, irretrievable losers. And I say this as someone who has accomplished very little since high school - but I've at least gone on my own and have fully supported myself for a few years now, and am poised to do so from hereon out.

::EDIT::

I am not here talking about those currently in, say, grad school. I'm talking about the go-nowhere types.

 

I see what you're saying but I am plenty motivated on my own without anymore financial strain. I've been working full time since I was 16. Put myself through undergrad and now grad school. Seeing how my parents have done everything they can to give me and my siblings as much as they could with so little is plenty of motivation for me to keep going and achieve everything they were unable to.

And I have no problem in the girl department. Been happily in a relationship for 4 years. She lives at home too.

 

Even taking away the promotion of independence, responsibility, and sexy time with ladies, that has always seemed like such an odd argument to me. How is renting a place to live "throwing money away"? You need a place to live. It's like saying someone's throwing away money when they buy food or clothes.

You don't have to worry about taxes, maintenance, insurance, depreciation, etc.

I own a house now, but that's because my woman and I plan on being at our employers and in the city of Houston for the next several years* at least.

*It takes a long time to get her to change her mind. I successfully put the idea of kids-right-after-marriage on ice, and now I'm working on us moving to a cooler climate - I'm tired of this damn heat!

 

My parents still live with their parents and I live with mine... it's a long chain.

 

I don't see how this is a problem? If you have a home of your own, good for you. What, you want a cookie or something? If they want to drink/smoke weed and party all day while living on mom and dad expenses, what's it to you?

 

The economy hasn't exactly helped either. I basically continued with my college internship because available jobs were scarce. I made practically nothing so I moved back in with my parents. I was job searching for another year before getting accepted into grad school.