1
25

[–] TheBroodwich 1 points 25 points (+26|-1) ago  (edited ago)

I have been supporting boomers for over a decade now in the money forcibly taken from me by the government and redistributed to them.

0
2

[–] swordsusa 0 points 2 points (+2|-0) ago 

...you mean taxes?

0
1

[–] TheBroodwich 0 points 1 points (+1|-0) ago 

Yup.

3
18

[–] Cybersoldier8 3 points 18 points (+21|-3) ago 

My only hope for this scenario is that is breaks the cycle. Millennials will be spending so much time and money to support the boomers, that they will be too busy to raise families of their own. Hopefully this will lead to decreased population overall.

10
24

[–] Rummel 10 points 24 points (+34|-10) ago  (edited ago)

Hopefully this will lead to decreased population overall.

I'd like this too, with one condition-- no more handouts to minorities having babies for the sole benefit of collecting free money who falsely cry racism.

0
21

[–] JesTheRed 0 points 21 points (+21|-0) ago  (edited ago)

Dunno why you're getting downvoted. Having children without the assistance of a government system is becoming damn near impossible, while having children while on a government assistance program actually pays better. The end result is an overwhelming generation of kids whose parents only had them for money, as in millions of future criminal assholes. I'd replace your "minorities" with "welfare recipients," but the effect would still be the same.

Welfare needs to scale down payments for having children (as in the more you have after 1 or 2, the less you get) as a rule anyway. No need to disincentivize or criminalize all children, just masses of them for profit. This is an independent necessity with nothing to do with anything else but the health of our country and our welfare recipients.

0
17

[–] The_Adventurist 0 points 17 points (+17|-0) ago 

Even without supporting your parents, the price of having children as a millennial is already way too high considering stagnant wages and rising costs for housing in many major cities and higher education.

0
0

[–] uberdoober 0 points 0 points (+0|-0) ago 

Keep in mind a shrinking population means that there will be few qualified people to care for you when you are old. Also a lot of infrastructure that will be crumbling because there will not be enough people to maintain it. Underpopulation is not a fantastic option and it's not like we are running out of room or resources here on Earth.

0
0

[–] Earl_Harbinger 0 points 0 points (+0|-0) ago 

Why is that a plus?

1
15

[–] NeutralObserver 1 points 15 points (+16|-1) ago 

Well generally in every culture kids take care of their parents when they get old. It's not uncommon to see multiple generations living in the same house except in 1st world countries with the broken family/social systems.

0
11

[–] jnx 0 points 11 points (+11|-0) ago 

I interpret this statistic as saying that only 1/5 adults born in the 80s and 90s can afford to support their retired relatives. I know I couldn't...

3
2

[–] NeutralObserver 3 points 2 points (+5|-3) ago 

That's exactly how they want it to be portrayed. "Omg can you guys believe 20% of kids have to support their parents." I don't view it as a bad thing. I think that number should be 100%. They also mean it more as 20% of parents are in a situation where they can't support themselves and need help. My first answer was more of a mini rant.

0
10

[–] beijingsteamer 0 points 10 points (+10|-0) ago 

I was helping my mom with 80% of her expenses and moved in with her to do it. Fuckin sucked! I can't stand people who just are irresponsible and then what am I suppose to do yknow? Let my mom become destitute?!

0
7

[–] Imapopulistnow [S] 0 points 7 points (+7|-0) ago 

You are a quality person. Btw, attached are some adoption papers. Just standard stuff, don't need to waste your time reading. If you could sign and return asap, would much appreciate.

0
2

[–] pm-me-boobs_thanks 0 points 2 points (+2|-0) ago 

I'm basically running my parents business and I barely moved out. I have no savings and in debt. It sucks.

[–] [deleted] 0 points 2 points (+2|-0) ago  (edited ago)

[Deleted]

0
2

[–] RagnarDanneskjold 0 points 2 points (+2|-0) ago 

Agreed, but perhaps it would be nice if the people took better care of their finances instead of burdening other with their chips being down and then bringing down your chips. I know the chips thing got stretched there.

0
9

[–] zippo 0 points 9 points (+9|-0) ago 

Isn't that normal? My mother used to take care of me when I was little. Now I'm a big boy, I have a job, and my mother is retired. She pays for day-to-day stuff with her pension, and I help pay for any big expenses, vacations, etc. I thought that was how normal, healthy families functioned - but apparently only 22% of people in my generation do that?

(I have to say, though, I'm from Central/Eastern Europe and the article is about the US, so maybe a cultural difference factors into that, too.)

Anyway, reading the article, I'm wondering if "Bobby lives in his parents' basement at 28 but isn't a complete failure so he at least helps pay for rent" counts as "millenials supporting their parents". I don't think it's reasonable to lump basement dwellers together with people who actually support their families and don't mooch off them.

1
8

[–] Ragnar1234 1 points 8 points (+9|-1) ago 

Normal is adults plan for their own retirement. They live below their means and save and invest the difference. That way when they are in their golden years they can provide for the care they need and a few luxuries.

Adult children, in their 20s and 30s, depending on financial support from their parents negatively affects the parents ability to secure their own financial future. Parents depending on their adult children to provide financial support equally hurts them.

If my parents planned for their retirement and lived inside their means and at 95 years old ran out of money of course I would help if I could. But if my parents were driving new Mercedes and living lavishly their whole life and retired with peanuts expecting me to support them they have another thing coming.

0
5

[–] Shuey 0 points 5 points (+5|-0) ago  (edited ago)

I don't know. The way I read the article, they consider anyone living at home and paying money to their parents as helping financially support them. My 21 year old still lives with us and he pays us money every month but I don't consider it support. We don't make anything from it since that money goes to paying his medical insurance, his auto insurance and his groceries, his cell phone bill...

If you had a roommate who paid all the bills, would you consider yourself as supporting your roommate financially or just paying your share of living expenses?

0
0

[–] Lucious_The_Limp 0 points 0 points (+0|-0) ago 

What is your child going to do when it is out on its own and doesnt have you to manage its money? You should be making it pay its own stuff, instead of you doing it for it. That is a form of enabling.

0
2

[–] Shuey 0 points 2 points (+2|-0) ago 

He has other things he pays on his own so it's not like he has no idea how to manage money. He has his own checking/savings/credit card accounts that are separate, but the other things allow us to bundle and save money. I'm not going to kick him off our insurance or cell phone account just to teach him a lesson, a lesson he already learned by having to manage his other bills.

0
4

[–] Redeyedjedi 0 points 4 points (+4|-0) ago 

I think that any millenial paying taxes is helping to support their parents. And possibly grandparents. Or at least their peers.

Good job, previous generation, at leaving your children in a better place than you were. /s

0
3

[–] BloodPool 0 points 3 points (+3|-0) ago 

My wife and I just set up an IRA for my parents. We're both millennials. Didn't know this was in any way common.

load more comments ▼ (14 remaining)