> most Americans (64%) think young adults should reach [financial independence] by the time they are 22 years old... Census Bureau data finds that, in 2018, 24% of young adults were financially independent by age 22 or younger, compared with 32% in 1980
This divergence is symptomatic of a broken society. It's easier to divide a bigger pie. The pie was bigger in 1980 and now we are dividing up the crumbs, so it's harder to get enough.
Parents helping their children longer in life is really the only solution. It's basically like, those who achieved financial independence in 1980 did so by taking from future generations, their own children, and are now being chastised for giving some of it back.
It's nonsensical to admonish parents for helping their children overcome the burdens society has placed on future generations by having already taken too much from the planet.
Let's just look at the burdens:
College education costs are soaring
Housing costs are soaring
Healthcare costs are soaring
Jobs are diminishing
Salaries are flat
Of course parents have to help their children longer.
This divergence is symptomatic of a broken society. It's easier to divide a bigger pie. The pie was bigger in 1980 and now we are dividing up the crumbs, so it's harder to get enough.
Parents helping their children longer in life is really the only solution. It's basically like, those who achieved financial independence in 1980 did so by taking from future generations, their own children, and are now being chastised for giving some of it back.
It's nonsensical to admonish parents for helping their children overcome the burdens society has placed on future generations by having already taken too much from the planet.
Let's just look at the burdens:
Of course parents have to help their children longer.