Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I have two relatives in this category.
One is taking care of the 10 acre farm because his parents are getting too old. He also has a WFH job. He left for several years and then came back.
Another has lived in the parents'home forever even now, married, with children. Cultural difference that my relative married into. My relative LIKES it because she gets to live in a beautiful house with free babysitting and never has to cook or clean. If they tried to move out the parents would lose it.
A lot of married with kids ACs (above 35) are choosing to live with their parents in my own immigrant community. The buying power for housing and various services is immense because they are pooling resources. Here are the benefits -
- Financial security. You will not lose the house if one person loses their job. Also, people save a lot of money when they are sharing costs in multi-gen families, so the savings are robust enough to withstand financial ups and downs,
- Usually live in a beautiful, very big house in a good school district - which adult children could not have afforded in their own salary, by pooling in resources. There are common areas and also own private areas/spaces for each member of the family.
- Free babysitting? Yes...to an extent. Most people do spend on getting some sort of nannies/help who come home and help the grandparents to take care of the babies. Also, as they kids grow older - grandparents can take them for EC activities or have tutors come home to teach. Of course, illness, snow days, weekends, lockdowns, remote learning etc...everything gets handled much more easily. Kids are always supervised and kept busy.
- Free eldercare? Yes...to an extent. The common household machinery serves everyone - laundry, cooking, cleaning, home/lawn/car maintenance - is done jointly and/or outsourced - so the elderly may be very frail but are never living in squalor and neglect. Usually, some kind of paid companion or nursing attendent is also hired because of better buying power. I know vendors who come to cut hair, nail and shave beards of elderly people, give therapuetic massages or various physical therapies etc. It delays sending the elderly patient to AL significantly
- Loneliness and mental illness. Usually, there is enough support and companionship to curb bad habits, depression, loneliness and mental illness. People of all generations are usually engaged and have better resilience.
In the event of the death of an elderly parent, the adult children don't have to scramble to take care of the remaining parent or get rid of their hoarded up house and sell it. The act of living together in the first place already sees a natural Swedish Death Cleanse to happen. Nothing gets impacted in a logistically big way. This is a gift for the adult children who are called to take care of elderly parents, young children and their own home and career - at the same time and feel overwhelmed.
- In addition - these households are very lively because there is significant socialization for each generation with their own peer groups, hobbies etc.
- Grandkids are usually very bonded with the grandparents and play an active role in being engaged with them.
- People in the household have a healthier diet and lifestyle because healthy home cooked meals and clean enviorns are always easily available to them.
In practice, that usually means that the grandma has sacrificed herself and is busting her behind servicing all three generations, maybe even four if one of her parents is still around. And she will be doing this until she drops dead.
Anonymous wrote:My BIL solved this by giving his son an apartment to live in. Life is so much easier when there's money to solve pesky little issues...
Anonymous wrote:I'm 35 and don't know anyone who has lived at home for 10+ years. We all bought houses in our mid-late 20s for ~$350k @ 3% mortgage. No parent help and my core friend group is all teachers, nurses, accountants, etc nothing crazy.
Anonymous wrote:what % of 35 year old are still living at home?
I see the numbers of people in their 20s is very high, but don't see much numbers of people over 35+ are they moving out ?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I have two relatives in this category.
One is taking care of the 10 acre farm because his parents are getting too old. He also has a WFH job. He left for several years and then came back.
Another has lived in the parents'home forever even now, married, with children. Cultural difference that my relative married into. My relative LIKES it because she gets to live in a beautiful house with free babysitting and never has to cook or clean. If they tried to move out the parents would lose it.
A lot of married with kids ACs (above 35) are choosing to live with their parents in my own immigrant community. The buying power for housing and various services is immense because they are pooling resources. Here are the benefits -
- Financial security. You will not lose the house if one person loses their job. Also, people save a lot of money when they are sharing costs in multi-gen families, so the savings are robust enough to withstand financial ups and downs,
- Usually live in a beautiful, very big house in a good school district - which adult children could not have afforded in their own salary, by pooling in resources. There are common areas and also own private areas/spaces for each member of the family.
- Free babysitting? Yes...to an extent. Most people do spend on getting some sort of nannies/help who come home and help the grandparents to take care of the babies. Also, as they kids grow older - grandparents can take them for EC activities or have tutors come home to teach. Of course, illness, snow days, weekends, lockdowns, remote learning etc...everything gets handled much more easily. Kids are always supervised and kept busy.
- Free eldercare? Yes...to an extent. The common household machinery serves everyone - laundry, cooking, cleaning, home/lawn/car maintenance - is done jointly and/or outsourced - so the elderly may be very frail but are never living in squalor and neglect. Usually, some kind of paid companion or nursing attendent is also hired because of better buying power. I know vendors who come to cut hair, nail and shave beards of elderly people, give therapuetic massages or various physical therapies etc. It delays sending the elderly patient to AL significantly
- Loneliness and mental illness. Usually, there is enough support and companionship to curb bad habits, depression, loneliness and mental illness. People of all generations are usually engaged and have better resilience.
In the event of the death of an elderly parent, the adult children don't have to scramble to take care of the remaining parent or get rid of their hoarded up house and sell it. The act of living together in the first place already sees a natural Swedish Death Cleanse to happen. Nothing gets impacted in a logistically big way. This is a gift for the adult children who are called to take care of elderly parents, young children and their own home and career - at the same time and feel overwhelmed.
- In addition - these households are very lively because there is significant socialization for each generation with their own peer groups, hobbies etc.
- Grandkids are usually very bonded with the grandparents and play an active role in being engaged with them.
- People in the household have a healthier diet and lifestyle because healthy home cooked meals and clean enviorns are always easily available to them.
DP here. Good points though that you bring up.
Pushing kids out at 18 to 22 is just asinine and was a propaganda push decades ago before my time even, to try to increase post WWII spending to boost the economy and get the masses into debt. (Indentured Servitude basically)
Anonymous wrote:Anonymous wrote:Anonymous wrote:I have two relatives in this category.
One is taking care of the 10 acre farm because his parents are getting too old. He also has a WFH job. He left for several years and then came back.
Another has lived in the parents'home forever even now, married, with children. Cultural difference that my relative married into. My relative LIKES it because she gets to live in a beautiful house with free babysitting and never has to cook or clean. If they tried to move out the parents would lose it.
A lot of married with kids ACs (above 35) are choosing to live with their parents in my own immigrant community. The buying power for housing and various services is immense because they are pooling resources. Here are the benefits -
- Financial security. You will not lose the house if one person loses their job. Also, people save a lot of money when they are sharing costs in multi-gen families, so the savings are robust enough to withstand financial ups and downs,
- Usually live in a beautiful, very big house in a good school district - which adult children could not have afforded in their own salary, by pooling in resources. There are common areas and also own private areas/spaces for each member of the family.
- Free babysitting? Yes...to an extent. Most people do spend on getting some sort of nannies/help who come home and help the grandparents to take care of the babies. Also, as they kids grow older - grandparents can take them for EC activities or have tutors come home to teach. Of course, illness, snow days, weekends, lockdowns, remote learning etc...everything gets handled much more easily. Kids are always supervised and kept busy.
- Free eldercare? Yes...to an extent. The common household machinery serves everyone - laundry, cooking, cleaning, home/lawn/car maintenance - is done jointly and/or outsourced - so the elderly may be very frail but are never living in squalor and neglect. Usually, some kind of paid companion or nursing attendent is also hired because of better buying power. I know vendors who come to cut hair, nail and shave beards of elderly people, give therapuetic massages or various physical therapies etc. It delays sending the elderly patient to AL significantly
- Loneliness and mental illness. Usually, there is enough support and companionship to curb bad habits, depression, loneliness and mental illness. People of all generations are usually engaged and have better resilience.
In the event of the death of an elderly parent, the adult children don't have to scramble to take care of the remaining parent or get rid of their hoarded up house and sell it. The act of living together in the first place already sees a natural Swedish Death Cleanse to happen. Nothing gets impacted in a logistically big way. This is a gift for the adult children who are called to take care of elderly parents, young children and their own home and career - at the same time and feel overwhelmed.
- In addition - these households are very lively because there is significant socialization for each generation with their own peer groups, hobbies etc.
- Grandkids are usually very bonded with the grandparents and play an active role in being engaged with them.
- People in the household have a healthier diet and lifestyle because healthy home cooked meals and clean enviorns are always easily available to them.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I have two relatives in this category.
One is taking care of the 10 acre farm because his parents are getting too old. He also has a WFH job. He left for several years and then came back.
Another has lived in the parents'home forever even now, married, with children. Cultural difference that my relative married into. My relative LIKES it because she gets to live in a beautiful house with free babysitting and never has to cook or clean. If they tried to move out the parents would lose it.
A lot of married with kids ACs (above 35) are choosing to live with their parents in my own immigrant community. The buying power for housing and various services is immense because they are pooling resources. Here are the benefits -
- Financial security. You will not lose the house if one person loses their job. Also, people save a lot of money when they are sharing costs in multi-gen families, so the savings are robust enough to withstand financial ups and downs,
- Usually live in a beautiful, very big house in a good school district - which adult children could not have afforded in their own salary, by pooling in resources. There are common areas and also own private areas/spaces for each member of the family.
- Free babysitting? Yes...to an extent. Most people do spend on getting some sort of nannies/help who come home and help the grandparents to take care of the babies. Also, as they kids grow older - grandparents can take them for EC activities or have tutors come home to teach. Of course, illness, snow days, weekends, lockdowns, remote learning etc...everything gets handled much more easily. Kids are always supervised and kept busy.
- Free eldercare? Yes...to an extent. The common household machinery serves everyone - laundry, cooking, cleaning, home/lawn/car maintenance - is done jointly and/or outsourced - so the elderly may be very frail but are never living in squalor and neglect. Usually, some kind of paid companion or nursing attendent is also hired because of better buying power. I know vendors who come to cut hair, nail and shave beards of elderly people, give therapuetic massages or various physical therapies etc. It delays sending the elderly patient to AL significantly
- Loneliness and mental illness. Usually, there is enough support and companionship to curb bad habits, depression, loneliness and mental illness. People of all generations are usually engaged and have better resilience.
In the event of the death of an elderly parent, the adult children don't have to scramble to take care of the remaining parent or get rid of their hoarded up house and sell it. The act of living together in the first place already sees a natural Swedish Death Cleanse to happen. Nothing gets impacted in a logistically big way. This is a gift for the adult children who are called to take care of elderly parents, young children and their own home and career - at the same time and feel overwhelmed.
- In addition - these households are very lively because there is significant socialization for each generation with their own peer groups, hobbies etc.
- Grandkids are usually very bonded with the grandparents and play an active role in being engaged with them.
- People in the household have a healthier diet and lifestyle because healthy home cooked meals and clean enviorns are always easily available to them.