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Working with Millennials.....Snowflakes
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<blockquote data-quote="ddd75" data-source="post: 1388245" data-attributes="member: 23575"><p>this is why 40% of them live at home still. </p><p></p><p>he number of young people living at home with their parents has hit a level so high, it has not been seen since post-Great Depression 1940.</p><p></p><p>According to real estate analytics company Trulia (via CBS News), an estimated 40 percent of millennials are staying at home in the nest rather than living on their own or with roommates.</p><p></p><p>There are a multitude of factors contributing to why millennials aren't buying or renting their own homes but it generally boils down to one reason (and no, it's not that they're lazy): it's that they just can't afford to live on their own.</p><p></p><p>As many, many studies have reported over the last few years, a combination of things have led to this statistic: they make less money than the generations before them, they have more student loan debt due to the increased cost (and job market importance) of attending college, and (as CBS News points out) they're facing the rapidly rising cost of renting an apartment.</p><p></p><p>Altogether, these things present a significant obstacle standing in the way of their path to economic independence.</p><p></p><p>However, just because not as many millennials are renting or buying homes as their parents were at their age doesn't mean they don't want to; actually, as a 2014 survey by Fannie Mae found, the majority of them believe owning as opposed to renting is "more sensible."</p><p></p><p>Well, when they can afford to do it, anyway.</p></blockquote><p></p>
[QUOTE="ddd75, post: 1388245, member: 23575"] this is why 40% of them live at home still. he number of young people living at home with their parents has hit a level so high, it has not been seen since post-Great Depression 1940. According to real estate analytics company Trulia (via CBS News), an estimated 40 percent of millennials are staying at home in the nest rather than living on their own or with roommates. There are a multitude of factors contributing to why millennials aren't buying or renting their own homes but it generally boils down to one reason (and no, it's not that they're lazy): it's that they just can't afford to live on their own. As many, many studies have reported over the last few years, a combination of things have led to this statistic: they make less money than the generations before them, they have more student loan debt due to the increased cost (and job market importance) of attending college, and (as CBS News points out) they're facing the rapidly rising cost of renting an apartment. Altogether, these things present a significant obstacle standing in the way of their path to economic independence. However, just because not as many millennials are renting or buying homes as their parents were at their age doesn't mean they don't want to; actually, as a 2014 survey by Fannie Mae found, the majority of them believe owning as opposed to renting is "more sensible." Well, when they can afford to do it, anyway. [/QUOTE]
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