<story><title>Percentage of Young Americans Living with Parents Rises to 75-Year High</title><url>http://www.wsj.com/articles/percentage-of-young-americans-living-with-parents-rises-to-75-year-high-1482316203?mod=trending_now_2</url></story><parent_chain><item><author>notyourwork</author><text>Cost of tuition continually grows, most graduates are not falling into extremely lucrative salaries and average salaries are not keeping up with inflation. This is far from surprising but is very concerning.&lt;p&gt;Another avenue to pursue this discussion from is the % of income allocated to retirement savings. I have a sneaky suspicious most of my peers are saving less for retirement than the same demographic 10, 20, 30 years ago.&lt;p&gt;What happens in a few decades when all these adults who lived with their parents and hardly saved for retirement due to lower salaries and student loans are too old to work? It seems our tax dollars will be supporting them and this looks like a big problem. Curious what others think or if I am looking at this problem from the wrong perspective.</text></item></parent_chain><comment><author>jackcosgrove</author><text>Your sneaking suspicion is correct for baby boomers and gen X: &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;www.pewtrusts.org&amp;#x2F;en&amp;#x2F;about&amp;#x2F;news-room&amp;#x2F;press-releases&amp;#x2F;2014&amp;#x2F;09&amp;#x2F;18&amp;#x2F;pew-finds-generation-x-facing-an-insecure-financial-future&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;www.pewtrusts.org&amp;#x2F;en&amp;#x2F;about&amp;#x2F;news-room&amp;#x2F;press-releases&amp;#x2F;2...&lt;/a&gt;. &amp;quot;Gen Xers have less wealth and six times more debt than their parents did at the same age,&amp;quot; despite having higher salaries.&lt;p&gt;I think you&amp;#x27;re right to be concerned. Not being able to strike out on your own delays family formation, which leads to some attrition of people who never have children for financial reasons. This decreases the birthrate and then on top of the working generation supporting members within its own cohort, they also have to support an older generation of retirees with an ever rising dependency ratio. It&amp;#x27;s a negative feedback loop that countries like Japan, Germany, and Italy are stuck in.&lt;p&gt;Both the education and housing problems can be solved. Education can be automated and amateurized using technology, and more housing can be built. Both of these would do a lot to decrease youth debt loads. Medical price inflation is the tougher problem but is less pressing for young people. Eventually we will be old though and then it will hit like a ton of bricks for those unlucky enough to have not accumulated wealth.</text></comment>
<story><title>Percentage of Young Americans Living with Parents Rises to 75-Year High</title><url>http://www.wsj.com/articles/percentage-of-young-americans-living-with-parents-rises-to-75-year-high-1482316203?mod=trending_now_2</url></story><parent_chain><item><author>notyourwork</author><text>Cost of tuition continually grows, most graduates are not falling into extremely lucrative salaries and average salaries are not keeping up with inflation. This is far from surprising but is very concerning.&lt;p&gt;Another avenue to pursue this discussion from is the % of income allocated to retirement savings. I have a sneaky suspicious most of my peers are saving less for retirement than the same demographic 10, 20, 30 years ago.&lt;p&gt;What happens in a few decades when all these adults who lived with their parents and hardly saved for retirement due to lower salaries and student loans are too old to work? It seems our tax dollars will be supporting them and this looks like a big problem. Curious what others think or if I am looking at this problem from the wrong perspective.</text></item></parent_chain><comment><author>malandrew</author><text>The problem already goes beyond millennials.&lt;p&gt;Increasing automation is going to make unskilled labor a huge liability for countries. This is one reason I don&amp;#x27;t think some of the anti-immigrant position of many Americans (and Europeans) is unwarranted. Every country should want highly skilled labor to help improve their current account, but unskilled labor is huge future liability. There is already a huge surplus of domestic unskilled labor in developed countries. Allowing unskilled labor to increase through immigration is only going to exacerbate the problem.</text></comment>