This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
4/05/2006
Failure to Launch
The new movie Failure to Launch depicts a thirty-something year old man living with his parents. I have come to learn that this scenario is becoming more likely. Over the thirty years, according to the Census Bureau, the real median income for young men (ages 25-34) has decreased about twelve percent. In addition to lower real income, housing costs are increasing at a greater rate than inflation. The result, more of these young men are living with their parents. I am pleased to find out that I am the subject of a major movie.
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1 comment:
I know that the housing cost/inflation issue has become a major problem for many twenty-somethings. Young men, just finishing college and trying to pay off student loans, are generally getting started in entry-level positions. Without a salary to match the high housing costs, it makes sense that some would stay at home until they have saved up enough to get into their own home. But thirty-something? Come on. It's time to move out!
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