They’re
never going to leave, you know. Those adult sons and daughters of yours who live in the basement. The food is too good, the accommodations too agreeable, and the alternatives too stark. Forty-five percent of parents over 45 now provide some financial support to their grown kids. And fully one-third either help pay their adult children’s rent or let the kids live at home. Those are not just trends; they’re facts of life. The unemployment rate in September among workers aged 29 and younger was 13 percent. You do the math/Steve Crump, Twin Falls Times-News. More here.
Question: Is your basement haunted by an adult kid? Can anyone provide practical advice re: how to get ride of a ‘Basement Kid’?
Sisyphus on November 04 at 1:28 p.m.
Hand grenades are too messy. And you can’t spray for ‘em. One word of advice. Downsize.
Wait! Is that one word or two?
JeanieSpokane on November 04 at 1:29 p.m.
Mine was the “attic kid.” He just got out of the Army - having served four years - most of it in South Korea. I was so glad to have him home in one piece that I practically begged him to stay. Then a year later, I kind of began to wonder if this was permanent. I had set a precedent - no rent, Mom-cooked meals, day time television with nobody else in the house.
Finally a friend let him move into *his* basement. :) That lasted a couple years until the wife found an apartment for him, paid the first month, and loaded up the family truck with all my son’s belongings and met him as he arrived home, with “Hey! Have I got a deal for you! Get in!”
Me on November 04 at 1:32 p.m.
Yes, I have a 21 year old basement kid. He is working - and saving. He’s been out and back a few times. There is no way to rent by himself - and at that age the flakedom of roomates is colossal! But he has many rules being the basement kid and so will again leave as soon as he is able.
JeanieSpokane on November 04 at 1:32 p.m.
My parents sold the farm, loaded a U-haul, had the youngest brother (30) who still lived at home, drive the truck - to Oregon. They told him to return the U-haul and you might think of moving in with your sister or something because the house is sold.
Cindy_H on November 04 at 1:35 p.m.
How do you get rid of basement kids?
Don’t reproduce in the first place. Adopt a cat. They’re cheaper.
Sigh. Nineteen years and four kids later, I am suddenly so wise;-)
spokelooneh on November 04 at 7:37 p.m.
That’s a pretty personal decision between parents and kids, however, for a single youngster, working 40 hours a week at minimum wage will take home $1050 a month. I don’t know about CdA, but there are more than a few studio apartments available in Spokane for $400 a month or less. That leaves $650 a month for everything else. Many people live on less than $1100 a month. It’s not pretty, but it can be done. At that level of income, foodstamps would be available as well, probably $125 a month.
The real question is, will the younger generation have a higher standard of living than their parents? For many, perhaps a majority, the answer is no. There’s little more that can be mortgaged against the future and spent today.
As Paul Volker said a couple of days ago:
“The former Federal Reserve chairman , who now heads the White House Economic Recovery Advisory Board, said Obama understands that “We cannot have so much consumption.”
Consumer spending accounted for 70 percent of the U.S. economy before last year’s economic meltdown, a level that Volcker said was sustained only by “the magic of financial engineering.”“
http://www.reuters.com/article/GCA-Economy/idUSTRE5A15R920091102