According to a Recent Report, Millennials are Screwed

  • Sam Mire
  • Apr 30, 2017 12:48PM

A recent Bloomberg report found that about a third of Americans aged 18 to 34 are living at home. One of every three millennials is living with their parents.

No, this is not normal.

Our elders have lamented the lack of ambition that seemingly plagues this generation, yet there has always been a comforting notion to fall back on: every generation has its fair share of slackers. Even a millennial would admit that their generation has more than their fair share of rudderless ships, but that ultimately the share of millennials following a traditional life course-graduate, move out, marry, replenish the population, repeat- would keep the economy growing and the American dream alive.

The Bloomberg report should dash the notion that the millennial generation, as well as the Gen Y, Gen Z, iGen, and Centennials that will follow, should be treated and studied similarly to previous generations.

They shouldn't. Millennials have shown a fundamentally different, and inferior, approach toward life that is now undeniable.

We are dealing with a widespread, generational malaise that has already created regressive societal shifts that are destined only to proliferate. Regardless of where you place the blame- the internet, effects of teen and/or fractured parenting units, fundamental shifts in the job market, or other factors- we have to address what effects a mass migration back into the parents’ basement might look like for America.

Before the ripple effects are examined, let’s look at the face of the problem.

It is important to note that included in this study were those living in a college dormitory, which skews the statistics a bit. Still, college has long lost its luster of being a self-improvement portal that the intellectually inclined earn entry to through a series of merit-based litmus tests. Attending a university does not equate to moving back to one’s parents’ house, but it often does not equate to a job upon graduation, either.

So, while these current students should not all be counted toward the flocks of post-grads moving home, statistics show that many of them eventually will. The study tells us this:

Among 25- to 34-year-olds living at home, one in four is neither enrolled in school nor working. That's 2.2 million people, a small percentage of the nation's more than 70 million millennials, but a striking figure nonetheless.”

If one only considered the number of grown adults living at home, it would be very concerning. When one then factors in that that a quarter of that number have no jobs, no apparent prospects, and no plans to continue their education, the cliché of a Generation Lost begins to feel like reality.

The striking and obvious question that arises is why so many people are not more determined to set themselves on a path out of their childhood bedroom. Out of a house where one must presumably abide by the rules of parents who they likely spent their teenage years rebelling against. Who would be comfortable, from a practical and principle standpoint, living with their parents at the age of 34?

There are and always have been exceptions. The mentally and physically handicapped often live with their parents throughout their life, though even someone with Down Syndrome, for example, may express the desire and exhibit the capability to live on their own.

We aren’t talking about exceptions. We are talking about one-third of an able-bodied, right-minded generation with more educational resources than any previous generation by a wide margin.