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April 20, 2017

Terrifying Data And Charts Show Time Is Short Before The Economy Tumbles

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By Susan Duclos - All News PipeLine

A shocking number of Millennials are still living at home in comparison to years past and we consistently see the media attempt to justify this escalating pattern with excuses like "it's the economy," or claims that Millennials just don't make as much money as their parents did, so of course they need to live at home longer, but the data shows something far different and it is destroying America from within.

BY THE NUMBERS

According to a new study by the U.S. Census Bureau, 22.9 million 18-to-34 year olds were still being supported by their parents, living at home or at a college dorm paid for by their parents in 2016, leading the study to conclude that residing in their parents home without a spouse is the "Number 1" living arrangement for Americans in the 18-to-34 age bracket.

In 2005, the majority of young adults lived independently in their own household, which was the predominant living arrangement in 35 states. A decade later, by 2015, the number of states where the majority of young people lived independently fell to just six.

Of young people living in their parents’ home, 1 in 4 are idle, that is they neither go to school nor work. This figure represents about 2.2 million 25- to 34-year-olds.

THE BIGGER PICTURE

The numbers only tell half the story though, as is noted by CNS News, the locations of those where a higher percentage of "young adults" live with their parents, in comparison with the locations of where lower percentages live with their parents, shows that the majority of the states where Millennials are being supported by their parents are "coastal" states, while the majority of those with a lower percentage of 18-34 year olds living with their parents are Midwest and Mountain states.

Top Ten states with the highest percentages of 18-to-34 year olds living with their parents were concentrated along the Atlantic coast. (See chart below). They included: New Jersey (46.9%), Connecticut (41.6%), New York (40.6%) Maryland (38.5%), Florida (38.3%), California (38.1%), Rhode Island (37.1%), Pennsylvania (37.1%), Massachusetts (37.0%) and Mississippi (36.8%).

With the exceptions of Washington and Oregon, the ten states with the lowest percentages of 18-to-34 year olds living with their parents were concentrated in the Midwest and Mountain states.

These included North Dakota (14.1%), South Dakota (19.9%), Wyoming (20.9%), Nebraska (22.7%), Iowa (22.8%), Montana (24.1%), Colorado (24.6%), Kansas (26.0%), Washington (26.6%) and Oklahoma (26.7%), which tied with Oregon (26.7%).

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Other than the ocassional outlier, a pattern emerges by looking at the locations... a mindset for lack of a better term. The coastal states where higher percentages of Millennials still live with Mommy and Daddy are much more likely to have parents raising their children in states with progressive policies which many would refer to as "nanny state" mentality, while the Midwest and mountain states, where there is a lower percentage of Millennials living with their parents from ages 18 to 34, raise their children with more of a work ethic, chores, competitive events, etc....

IT IS NOT THE PAY, NOR THE ECONOMY, IT IS THE "JOB HOPPING"

We continually here the excuse that it is the "economy" or that "millennials make less money than their parents did," yet a look  at data from Gallup in May 2016, once again tells a far different story than the "official narrative," we keep being fed by the establishment media.

Key Findings: 

- 21% of millennials say they've changed jobs within the past year, which is more than three times the number of non-millennials who report the same.

- Millennials also show less willingness to stay in their current jobs. Half of millennials -- compared with 60% of non-millennials -- strongly agree that they plan to be working at their company one year from now. For businesses, this suggests that half of their millennial workforce doesn't see a future with them.

- Gallup found that 60% of millennials say they are open to a different job opportunity -- 15 percentage points higher than the percentage of non-millennial workers who say the same. Millennials are also the most willing to act on better opportunities: 36% report that they will look for a job with a different organization in the next 12 months if the job market improves, compared with 21% of non-millennials who say the same.

- Gallup has found that only 29% of millennials are engaged at work, meaning only about three in 10 are emotionally and behaviorally connected to their job and company. Another 16% of millennials are actively disengaged, meaning they are more or less out to do damage to their company. The majority of millennials (55%) are not engaged, leading all other generations in this category of worker engagement.

The facts just do not match the official narrative. When one enters a workplace, they generally start at the bottom, if they are "engaged" and do a good job, they are advanced. With that advancement generally comes a raise, more money, therefore the Millennials' documented habit of "job hopping" guarantees that they will make less money than those that stay long enough with an employer to advance and earn more.

Therefore it is only logical that it isn't the "economy" causing Millennials to make less than their parents did, it is their own work ethic, or lack there of.

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BOTTOM LINE

We are watching a vicious cycle play out where parents, especially in those coastal states where higher percentages of 18 to 34 year olds are still living with their parents, are not teaching their children a work ethic, but are instead handing them "participation" trophies, which consistently gives them the "entitlement" mentality, and in turn that leads those same spoiled Millennials to "job hop" as they age, meaning they cannot make enough to move out and live on their own.

Here is another point of data that shows these coddling parents are not only damaging their children and stifling their growth, but they are destroying the U.S. ecomomy as well.

Gallup estimates that millennial turnover costs the U.S. economy $30.5 billion annually.


Perhaps the most terrifying data is  that by 2020, just three years down the line, Millennials will make up half the the U.S. workforce.

As more and more of the older generation leaves the workforce, with most then going on to live off Social Security that they have paid into, how many of them are going to be able to afford to support their children that have job hopped themselves into positions where they cannot support themselves?

If people think the economy is bad now, just wait until it is dependent on a workforce made up of a majority of spoiled, entitled, job-hopping Millennials.

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