A Boring Dystopia

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101

50% of parents financially support adult children, report finds. Here's how much it costs them. (www.nbcnews.com)

submitted 1 year ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[+] ArchRecord@lemm.ee 65 points 1 year ago* (last edited 10 months ago) (2 children)

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[–] bobs_monkey@lemm.ee 13 points 1 year ago

How is this "doing well?"

Compared with their parents at this age, Gen Zers are more likely to have a college degree and work full time. Plus, many millennials have more saved for retirement than they did just a few years ago, after reaping the benefits of positive market conditions.

They're using bullshit metrics to make everything seem peachy keen, and help older folks maintain faith in the current system. That's really all fluff pieces like this are good for. "Oh, 50% of parents are shelling out about $1500/month to keep their kids afloat, but everything is fine because they have a college degree!" Anyone with two brain cells to rub together knows that everything is not fine, but rags like NBC are just trying to keep people spending and keep the gravy train going. It isn't propaganda in the way Fox News is, but it's still propaganda.

[–] IMALlama@lemmy.world 6 points 1 year ago

Fun fact, if you save money for retirement, it tends to go up, shocking.

I wonder how long "line goes up" will last. Forget late stage capitalism, this whole thing was built on growth. What happens when global birthrates drop below the replacement rate? It certainly seems we're heading in that direction. This will make a lot of our current systems/structures struggle.

[–] StarvingMartist@sh.itjust.works 12 points 1 year ago (2 children)

I'm so happy my parents are financially stable. I may not get anything when they pass, but that's all right. I'm just glad they're doing okay. And I honestly have no way to support them on top of myself

[–] partial_accumen@lemmy.world 5 points 1 year ago (1 children)

I hope not too much of your parents are relying on Social Security for retirement. The current administration is making some bad rumblings about cuts.

[–] StarvingMartist@sh.itjust.works 4 points 1 year ago

I mean they're both 65 and still work, they always have, I have no doubt they have a good amount saved up, as they've always pushed me to do

[–] Drusas@fedia.io 5 points 1 year ago

I wish mine were. He's not even sixty yet and I've already been helping my dad some. Partly due to mental health issues interfering with his ability to work and maintain relationships. I dread what the situation will be in a few years.

[–] some_guy@lemmy.sdf.org 5 points 1 year ago

I believe it.