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who collects retirement and pensions and social security?
FortWayne sayswho collects retirement and pensions and social security?
Why should that money be spent on the freeloaders living in the basement versus on retirement expenses?
This government is unsustainable. It's overspent and overborrowed, with very little to show for it at the end.
anon_03619 saysFortWayne sayswho collects retirement and pensions and social security?
Why should that money be spent on the freeloaders living in the basement versus on retirement expenses?
. Social security of 1100 a month is shit. In CA renting a single costs 1100.
Why are these parents letting their kids stay at home? My guess is they're soft. Didn't raise their kids well and spoiled them in the wrong ways.
showing tough love
The parents of Millenials, Boomers, are soft. They allow their children to behave this way.
What is supposed to be normal, should not be considered "tough love."
The root of the problem is very likely caused by the group that likes to bitch about it the most. Boomers can point the finger all they want, but need to realize they have a thumb as well.
But, these days millennials seem to be embracing the free room and board provided by their parents. According to a new study from the Census Bureau, roughly one-third of all millennials live at home with their parents and one-fourth of them can't be bothered with enrolling in school or finding a job.
Of course, while living at home can help millennials cut down on costs, according to a new study from Nerd Wallet, it can also have a devastating impact on the retirement savings potential of their overly accommodating parental units...to the tune of a quarter million dollars. Here are some of the key takeaways from Nerd Wallet's survey:
So where is the money going..
Many parents of children 18 and older are paying or have paid for their adult children’s basic living costs, including groceries (56%), health insurance (40%) and rent or housing outside the family home (21%). Some parents are also covering or have covered their adult child’s cell phone bill (39%) and car insurance (34%).
In addition to these living costs, some parents of children 18 and older are paying or have paid for other expenses, such as clothing (32%), entertainment (20%), an allowance (10%) or a car loan (10%).
So, how long can your adult children be expected to interrupt your golden years? According to Nerd Wallet, 1 in 5 households surveyed said their adult children lived with them for more than half a decade.
Frankly, we continue to be shocked that all of those kids out there with $250,000 Art and Anthropology degrees are finding it difficult to land their dream jobs...
http://www.zerohedge.com/news/2017-12-09/heres-how-much-retirees-are-spending-support-their-adult-kids
#economics