1/3 Of Young Adults Are Still Living With Their Parents! - Dave Ramsey Rant

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[anthonylopez]

In 1950, a young adult could work at a factory and be able to buy a home and support a family. It's not the same today.

[scarpfish]

I wonder how many kids had $50K+ in student debt back in the day.

[film]

Dave says to be financially secure you need to "be weird." On the other hand, he thinks it's weird that young people are living at home to reach financial security and he condemns them for it.

[brianthomas]

I had to live with my mom in my 20s rent free while I saved money. Dave knows that costs of homes have quadrupled since the 70s, right?

[kylecouture]

Im 25 and still living at home. And i plan to live here atleast 1.5 more years. Im setting myself up for success. No shame.

[jet]

Uhhh....your children work for you and probably have a decent salary. Let them go out and find a job outside your organization then let's talk.

[Christian-e]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[ashleyc]

While I love Dave in many ways, he still is a crusty old man at heart.

[mverma]

Dave doesn't your kids work for you and your paying them a high salary. Have them look outside your company, good paying jobs are not easy to come by these days even with a degree and student loan debt.

[gregl]

I lived at home throughout my 20's. Paid off all my loans, earned a master's degree, took three backpacking trips to 15 different countries, worked full-time through all of it (minus the vacations).

In nearly every other country I've been to, it's normal for people to live at home well into adulthood. Family is celebrated and it's not considered "your parents' home." It's considered "the family home."

Point being: don't let Dave or anyone else tell you what you should do or where you should be. Everyone's life is his/her own.

I've accomplished more in my 20's by living at home than I would have if I had 3 roommates and lived paycheck to paycheck.

[HD-kspk]

My parents “encouraged” me to move out when I finished high school. I was 17. I spent the next 10 years battling through uni, accumulating debt and basically being miserable. On the one hand, I’m glad to have been raised to be independent, but on the other I wasted my twenties. I don’t think I’ll be making the same choices with my own children.

[cooleobrad]

5:47 I love how Dave brags about how his kids barely had to live at home after college. Wonder if that has anything to do with the fact that they came from a financially literate home with a $55 million networth and were offered lucrative job opportunities at their father's massively successful business? I don't doubt for a second that they're bright and hardworking, but so are a significant amount of milennials living at home. College prices, rent, mortgages, insurance, etc. have all skyrocketed in price since Dave was in his 20s and they have exceeded normal inflation. At the same time, wages have stagnated and since 1984 the purchasing power of the federal minimum wage has decreased. This is all publically available, non-disputed information. Meanwhile Dave doesn't want you to take out student loans, go into debt for any reason, build credit, or live with a significant other until you're married, but he'll mock you and your parents if you dare live together past the age of 25. Dave, don't you think any one of these factors has a bigger impact on the % of millenials living at home rather than it's just the majority of an entire generation that's lazier than every previous generation? -- Sincerely a debt free millenial with a STEM degree, who is investing towards my retirement and still living with my parents at age 24.

[sangawaldron]

I'm 36 now and I can honestly say leaving home at 18 was the dumbest thing I ever did.

[ugladden]

Most households in the 1940s had ONE income off of a simple high school diploma... that is no long the case in today’s economy dave

[jardenkt]

Well, in Hawaii, the average house here is $700k+. It’s pretty common to see 3 generations under one roof. And just because they live together doesn’t mean they don’t do their own laundry. 😂

[barexampasser]

I love being lectured by boomers about living with parents when college adjusted for inflation was like 1/3rd what it is today and the minimum wage adjusted for inflation was like $12

[chanceussery]

In Asia this is custom. But in America kinda frowned upon.

[nicolesmith]

I lived at home till I was 29. Just turned 30. My parents did not support me financially. I had to pay rent to my mom who's house was already paid off, bought my own groceries, paid my phone bill, car insurance, etc. Living at home helped me save money for school and buying a home. Paid off my school loans. I have no debt whatsoever. Best decision to stay at home. My mom didn't want to see her kids struggle. Nothing taboo about that!

[ddavis]

I call these "boomer bombs".

When I boomer decides to rip on everyone who was not as fortunate as them.

[princesskaitlinhazelwood]

Well now since the pandemic, 52% of young adults are living at home. So it is, what it is.