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.

5 comments:

Brooke said...

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!

Bryce Larkin said...

It is funny how true this article is to the real world. Many of my friends that have graduated are still living with their parents due to the fact that money is tight. Since housing costs have risen and pay has remained the same; kids are staying at home.

Bryce Larkin said...

This is also the case if the Fed keeps on raising the interest rates. With the housing market being so expensive and with the interest rates rising; young people will be more inclined to live with their parents.

Blake said...

Congratulations Jake on helping to inspire Hollywood in its quest to provide entertainment! J/K. I saw the movie, and thought it was very funny, but all joking aside, this phenomenon of young men (and women) living at home longer is a serious issue. I completely agree with your comments, and recognize that often young adults live at home more for financial reasons, than any lack of character, etc.

zoe said...

The huge increase in housing costs has contributed to this problem. A large percentage of young adults are unable to afford housing when they come of age, and even when they do graduate the positions that they obtain sometimes do not pay enough for the individuals to cover all the expenses associated with the high living costs. On the other hand, society today has such a high standard of living, that many of these individuals still living at home possibly could afford to be out on their own, if they didn't have to have the brand new vehicles, top of the line technical equipment, clothes, etc. The main reason is, why would they, if mommy and daddy will foot the bill for them?