Economic Retrenchment?:For the first time in 130 years, more young Americans live with their parents

[Moral Compass]

1. Well, duh.

I saw a reprint of this article in the Dallas morning news this morning. My first reaction was "well, duh".

Of course people are continuing to live with their parents.

Milenials are being squeezed from all sides. On the one hand they are told that they have to go to college to have any hope of having a decent life. Unfortunately, most of these young people have to borrow large amounts of money to go to college because their parents for one reason or another don't have the kind of money that would allow them to pay tuition, fees, books, and living expenses.

Then, when they get out they find that the job market is not all that great and technology is allowing the offshoring of most of the high-paying jobs that existed in the past. This doesn't even begin to address the threat posed by robotics and artificial intelligence . So, many of these young people are unable to find jobs that pay that kind of money that would allow them to both pay off their student loans and live independently.

This system couldn't have been better designed to produce this outcome. I think, by and large, it is accidental. It is just the result of valuing profit above all else by society in general.