[toomuchtodo]

Baby Boomers lived through the most prosperous period in American history. They have roots. They're tied to the US.

Millennials have gotten shit on repeatedly, between the housing crisis, the student loan crisis (looming), and a subpar job market. They have less ties and more mobility.

[__xtrimsky]

As a Millennial with a 2200 sqft house, a job and no student loans I don't feel the same way.

But I guess in some way I was lucky (no student loans because I studied in an international school, which was much cheaper). And housing because I moved to a cheap area and telecommute to a company in Silicon Valley.

[toomuchtodo]

We in the tech industry are outliers.

[ekanes]

How did the housing crisis affect millenials?

[toomuchtodo]

http://www.doctorhousingbubble.com/why-millennials-stuck-at-...

"The homeownership rate of the 30 year old cohort has tanked starting in 2007 with the market implosion. That is very clearly illustrated by the green line above. Why? These were the folks buying with toxic mortgages and timed the market very poorly (or simply had bad luck). The rate of those young adults living at home has gone up unabated since 1999. Of course the increase in home prices has been driven by investors and this will simply make it harder on a cohort with lower incomes and much higher levels of student debt.

It is safe to say that many more young Americans will be renting deep into their adulthood. It is also safe to say given the current cost of college that many more young Americans will be coming back home to live with mom and dad. The Fed’s findings are simply reinforcing this trend."

[sopooneo]

It's a shame that "living with mom and dad" is taken as failure in the US. If the situation could be a happy one, it seems like a nice way to do things.

[toomuchtodo]

Cultural norms take time to change :/