Terrifying Data And Charts Show Time Is Short Before The Economy Tumbles
Terrifying Data And Charts Show Time Is Short Before The Economy Tumbles by Susan Duclos – All News Pipeline
A shocking number of Millennials are still living at home in comparison to years past and we consistently see the media attempt to justify this escalating pattern with excuses like “it’s the economy,” or claims that Millennials just don’t make as much money as their parents did, so of course they need to live at home longer, but the data shows something far different and it is destroying America from within.
BY THE NUMBERS
According to a new study by the U.S. Census Bureau, 22.9 million 18-to-34 year olds were still being supported by their parents, living at home or at a college dorm paid for by their parents in 2016, leading the study to conclude that residing in their parents home without a spouse is the “Number 1” living arrangement for Americans in the 18-to-34 age bracket.
In 2005, the majority of young adults lived independently in their own household, which was the predominant living arrangement in 35 states. A decade later, by 2015, the number of states where the majority of young people lived independently fell to just six.
Of young people living in their parents’ home, 1 in 4 are idle, that is they neither go to school nor work. This figure represents about 2.2 million 25- to 34-year-olds.
THE BIGGER PICTURE
The numbers only tell half the story though, as is noted by CNS News, the locations of those where a higher percentage of “young adults” live with their parents, in comparison with the locations of where lower percentages live with their parents, shows that the majority of the states where Millennials are being supported by their parents are “coastal” states, while the majority of those with a lower percentage of 18-34 year olds living with their parents are Midwest and Mountain states.
Top Ten states with the highest percentages of 18-to-34 year olds living with their parents were concentrated along the Atlantic coast. (See chart below). They included: New Jersey (46.9%), Connecticut (41.6%), New York (40.6%) Maryland (38.5%), Florida (38.3%), California (38.1%), Rhode Island (37.1%), Pennsylvania (37.1%), Massachusetts (37.0%) and Mississippi (36.8%).
With the exceptions of Washington and Oregon, the ten states with the lowest percentages of 18-to-34 year olds living with their parents were concentrated in the Midwest and Mountain states.
These included North Dakota (14.1%), South Dakota (19.9%), Wyoming (20.9%), Nebraska (22.7%), Iowa (22.8%), Montana (24.1%), Colorado (24.6%), Kansas (26.0%), Washington (26.6%) and Oklahoma (26.7%), which tied with Oregon (26.7%).
Other than the ocassional outlier, a pattern emerges by looking at the locations… a mindset for lack of a better term. The coastal states where higher percentages of Millennials still live with Mommy and Daddy are much more likely to have parents raising their children in states with progressive policies which many would refer to as “nanny state” mentality, while the Midwest and mountain states, where there is a lower percentage of Millennials living with their parents from ages 18 to 34, raise their children with more of a work ethic, chores, competitive events, etc….
IT IS NOT THE PAY, NOR THE ECONOMY, IT IS THE “JOB HOPPING”
We continually here the excuse that it is the “economy” or that “millennials make less money than their parents did,” yet a look at data from Gallup in May 2016, once again tells a far different story than the “official narrative,” we keep being fed by the establishment media.
– 21% of millennials say they’ve changed jobs within the past year, which is more than three times the number of non-millennialswho report the same.
– Millennials also show less willingness to stay in their current jobs. Half of millennials — compared with 60% of non-millennials — strongly agree that they plan to be working at their company one year from now. For businesses, this suggests that half of their millennial workforce doesn’t see a future with them.