How Student Debt Creates a Generation of Mama's Boys

[Buzz Killington]

http://www.independent.co.uk/news/u...ration-of-mummys-boys-1836559.html#mainColumn

I am seeing more and more of this to be honest...a little frightening.

It’s official. Student debt, unaffordable house prices and rising unemployment is helping create a generation of mummy’s boys.

Unable to buy their own home, saddled with student debt and struggling to find work, grown-up sons are now twice as likely as their sisters to still be living at home with their parents, official statistics revealed today.

Nearly a quarter of young men aged 25-29 still live with their parents, according to the latest figures from the Office for National Statistics (ONS). That compares with one in eight women of the same age who have not yet left home.

Its britain though....but still.

 

[Eastoff]

that was me until about 4 months ago.

 

[Buzz Killington]

Its actually a much better solution than going into debt (believe me, I know). right out of college, you usually make such low money and try to live big...then shit crashes on ya.

 

[maxiep]

I don't know why, but the idea of coming back to Oregon after college was unappealing. I wanted to experience something new. The idea of moving back in with my mother was anathema to me. I didn't make any money after college, worked a lot of hours, lived in shitholes with other poor grads, ate ramen almost every night and loved every minute of it.

 

[Paxil]

NO!!!!! I have two sons (6,10) and I cringe at the thought of them still being at home at 30.

 

[Colonel Ronan]

Meh, it depends how the child is reared, it has nothing to do with college loans.

 

[Run BJM]

Meh, it depends how the child is reared, it has nothing to do with college loans.

I would think it depends more on available jobs. If you're 30k+ in debt and the only job you can get is working at Chili's then is it really an option for you to get your own place?

 

[barfo]

Nearly a quarter of young men aged 25-29 still live with their parents, according to the latest figures from the Office for National Statistics (ONS). That compares with one in eight women of the same age who have not yet left home.

So why the gender discrepancy? Do all the women live with older guys? Work as hookers? Don't rack up as much debt? I don't get it.

barfo

 

[Colonel Ronan]

I would think it depends more on available jobs. If you're 30k+ in debt and the only job you can get is working at Chili's then is it really an option for you to get your own place?

Living with your parents until you get back on your feet doesn't make your a mommy's boy. It is when they become attached , and start fapping to WoW porn.

Of course, the amount of income greatly effects how you cope with the debt, but if you are brought up to be dependent on people, you'll obviously bounce back to your parents and stick with them instead of looking for a new job, or borrowing money from your family (at least that way you don't have fucked up agreement with the bank).

 

[Buzz Killington]

So why the gender discrepancy? Do all the women live with older guys? Work as hookers? Don't rack up as much debt? I don't get it.

barfo

I bet more girls just get money from their parents ("Daddy's girl") and they pay for their living expenses. For men, that just doesn't really happen.

 

[Buzz Killington]

Living with your parents until you get back on your feet doesn't make your a mommy's boy. It is when they become attached , and start fapping to WoW porn.

Of course, the amount of income greatly effects how you cope with the debt, but if you are brought up to be dependent on people, you'll obviously bounce back to your parents and stick with them instead of looking for a new job, or borrowing money from your family (at least that way you don't have fucked up agreement with the bank).

you save so much living at home (I guess, I've been living on my own since college)....but the expenses even if you live cheaply are pretty crazy. Imagine having an extra 20k a year or so just for fucking around with since you chose to live at home. Food, rent, laundry, all the other crap taken care of, the only thing you give up is being able to come home either drunk/with women.


That being said, its not worth it.

 

[Colonel Ronan]

you save so much living at home (I guess, I've been living on my own since college)....but the expenses even if you live cheaply are pretty crazy. Imagine having an extra 20k a year or so just for fucking around with since you chose to live at home. Food, rent, laundry, all the other crap taken care of, the only thing you give up is being able to come home either drunk/with women.


That being said, its not worth it.

Yeah, I'm aware but I guess I'm lucky.

 

[Buzz Killington]

A lot more asians live at home, at least it was that way in my early 20s.....seemed almost normal for my asian friends, but non-asian friends lived on their own.

 

[Eastoff]

So why the gender discrepancy? Do all the women live with older guys? Work as hookers? Don't rack up as much debt? I don't get it.

barfo

They get married to slightly older men who are already successful?

 

[jlprk]

So why the gender discrepancy?

Because the article assumes that most people are college graduates. Actually, most people are poor. The government supports young women much more readily than young men. Just get pregnant. So maybe a fifth of young women are on welfare while no young men are. Thus more young men live with their welfare queen mothers than do young women.

 

[Idog1976]

I don't know why, but the idea of coming back to Oregon after college was unappealing. I wanted to experience something new. The idea of moving back in with my mother was anathema to me. I didn't make any money after college, worked a lot of hours, lived in shitholes with other poor grads, ate ramen almost every night and loved every minute of it.

And this was in what year(s)? There is a VAST difference between being a young grad with no money in say 1964 or 1982 then now. I mean it's hard to even compare. Student loans are so much larger then they were then adjusted for inflation, as is the price of housing in particular. The boomer method: Go to school, live cheap for awhile, promote and pay everything off and become wealthy just doesn't work now. America is on the decline with a possible "Waterfall event" on the horizon economically.

You just can't compare America from 1950 to 2000 to any other time or period anywhere in the world. A moron could do well in those circumstances (as is evidence by my rich moronic baby boomer relatives). Now you have to be saavy in the extreme, reasonably well off and just plain lucky to be doing well right now if you are 34 or under. America was THE world power from 1945 to 2005ish. For much of that period we had the majority of the worlds gold which allowed us to become the world's reserve currency and therefore export inflation, we had large domestic oil reserves, an unmatched manufacturing base and we were the worlds largest creditor.

We now rely on foreign oil, are the biggest debtor nation IN WORLD HISTORY, our manufacturing base is GONE and our status as the world reserve currency is under serious threat.

There is simply no comparison for those in their mid fourties or older compared to todays youth. They live in different worlds.

P.S. lest you think I am a generation-ist, I think the Boomers are getting fleeced right now on a scale not seen since the crash of 1929.

 

[Idog1976]

Because the article assumes that most people are college graduates. Actually, most people are poor. The government supports young women much more readily than young men. Just get pregnant. So maybe a fifth of young women are on welfare while no young men are. Thus more young men live with their welfare queen mothers than do young women.

While I agree that young women are more supported by the system, I think the answer lies in greater education among females and a greater desire to succeed. Young women can see a comparatively bright future where they might earn more then their mothers. Young men have NO CHANCE of earning more then their fathers and have a built in failure to surpass feeling. Young men are probably 10x more likely to be addicted to time and soul sucking videogames that are literally crippling our young men (they and their parents are responsible for this). Finally, young women can marry rich old men and therefore not need to live at home.

 

[mook]

A really key point in that article is that it's set in the UK. Even with the real estate tumble, housing prices there are astronomical.

So why the gender discrepancy? Do all the women live with older guys? Work as hookers? Don't rack up as much debt? I don't get it.

barfo

They hook up with awesome Americans like me!

Anyway, I've had a number of guy friends from England come and stay over, and I'm always a little shocked initially at how effeminate they are. I mean, not in personalities. I've known some really tough limeys. But jesus, every one of them left three kinds of styling gel in the bathroom, 4 types of cologne, wore a new clean pair of $50 jeans and stereotypical euro dark designer turtleneck every day, and was sporting a $200 watch. They all were these whispy skinny guys with Rudy Fernandez haircuts who looked like they just jumped out of a fucking Abercrombe ad. The suitcases they show up with are bigger than a Volkswagon. "Is that guy gay?" a fellow Idahoan whispers to me. "Nah, he's English," I reply.

It's no wonder John Amaechi was able to keep it under wraps as long as he did in Utah. "English" totally fucks up the gay-dar.

 

[mook]

Sorry to derail this thread, but my rant got me thinking about gender roles in general on both sides of the pond. I think it boils down to the English being much less hung up on masculine/feminine. The men are less "macho," and the women are less "girly." It's just a more androgynous culture--at least the younger generations.

 

[Buzz Killington]

Sorry to derail this thread, but my rant got me thinking about gender roles in general on both sides of the pond. I think it boils down to the English being much less hung up on masculine/feminine. The men are less "macho," and the women are less "girly." It's just a more androgynous culture--at least the younger generations.

not just england, more of the world is like that i bet.

 

[mook]

not just england, more of the world is like that i bet.

Well, the Western European/Canadian/Australian world, anyway.

Muslim and Latin American countries seem far more hyper-gender.

 

[Buzz Killington]

Well, the Western European/Canadian/Australian world, anyway.

Muslim and Latin American countries seem far more hyper-gender.

Well, even in Mexico where I am right now, the high society is kind of the same way (well, the women are quite hot) but the guys are kind of feminine as well. I would assume the same goes in more latin american countries...except for the lower classes.

Asians are the same way too, but every class is more streamlined into ambiguity.

 

[Colonel Ronan]

Sorry to derail this thread, but my rant got me thinking about gender roles in general on both sides of the pond. I think it boils down to the English being much less hung up on masculine/feminine. The men are less "macho," and the women are less "girly." It's just a more androgynous culture--at least the younger generations.

Wow, you're spot-on once again.

 

[maxiep]

And this was in what year(s)? There is a VAST difference between being a young grad with no money in say 1964 or 1982 then now. I mean it's hard to even compare. Student loans are so much larger then they were then adjusted for inflation, as is the price of housing in particular. The boomer method: Go to school, live cheap for awhile, promote and pay everything off and become wealthy just doesn't work now. America is on the decline with a possible "Waterfall event" on the horizon economically.

You just can't compare America from 1950 to 2000 to any other time or period anywhere in the world. A moron could do well in those circumstances (as is evidence by my rich moronic baby boomer relatives). Now you have to be saavy in the extreme, reasonably well off and just plain lucky to be doing well right now if you are 34 or under. America was THE world power from 1945 to 2005ish. For much of that period we had the majority of the worlds gold which allowed us to become the world's reserve currency and therefore export inflation, we had large domestic oil reserves, an unmatched manufacturing base and we were the worlds largest creditor.

We now rely on foreign oil, are the biggest debtor nation IN WORLD HISTORY, our manufacturing base is GONE and our status as the world reserve currency is under serious threat.

There is simply no comparison for those in their mid fourties or older compared to todays youth. They live in different worlds.

P.S. lest you think I am a generation-ist, I think the Boomers are getting fleeced right now on a scale not seen since the crash of 1929.

Sorry to disappoint, but not only did I graduate long after the dates you put, I carried a good amount of debt after college (I paid for undergrad without parental assistance. The secret is to refinance from a 10 year amortization to a 30 year one and to just be diligent about paying extra when you have the money.

 

[Idog1976]

Sorry to disappoint, but not only did I graduate long after the dates you put, I carried a good amount of debt after college (I paid for undergrad without parental assistance. The secret is to refinance from a 10 year amortization to a 30 year one and to just be diligent about paying extra when you have the money.

How old are you and when did you graduate if I may ask? My student loan is under control, but I have friends who are crippled by theirs. My "rant" wasn't against you by the way. I've just had a number of Boomer's tell me how it is, and I'm like "No that's how it WAS..."

I'm 33 and worked for awhile/travelled before going to school and graduated in 2004.

 

[maxiep]

How old are you and when did you graduate if I may ask? My student loan is under control, but I have friends who are crippled by theirs. My "rant" wasn't against you by the way. I've just had a number of Boomer's tell me how it is, and I'm like "No that's how it WAS..."

I'm 33 and worked for awhile/travelled before going to school and graduated in 2004.

It's extremely difficult to be "crippled" by a student loan. Let's say you run up loans of $150K for your undergrad, which is pretty tough to do. On a 30 year basis at 5.5%, it's only $850/mo. If you're unemployed or underemployed, you can defer, go to interest only or do a workout.

As for opportunity in this country, there's as much as there ever was. It may not be the easy money of the tech boom, but the ability to make hundreds of millions with a good idea still exists.

 

[jlprk]

He's only 33, he's probably only made tens of millions, he needs another 5 years to catch up to the rest of us.

 

[Buzz Killington]

It's extremely difficult to be "crippled" by a student loan. Let's say you run up loans of $150K for your undergrad, which is pretty tough to do. On a 30 year basis at 5.5%, it's only $850/mo. If you're unemployed or underemployed, you can defer, go to interest only or do a workout.

As for opportunity in this country, there's as much as there ever was. It may not be the easy money of the tech boom, but the ability to make hundreds of millions with a good idea still exists.

Green energy scams!

Network marketing!

E-books!