Latest news with #GenZers
Business Insider
6 hours ago
- Business
- Business Insider
Meet America's typical live-at-home 20-somethings
In 2023, around 40% of younger Americans lived with their parents. Living with mom and dad is a popular safety net for Gen Zers who face steep housing costs, expensive higher education, and a shaky job market. "If you have the luxury of being able to move back home and pay less for rent, groceries, and other basic bills and put some money away in an emergency fund or towards other big financial goals, it can be a really big deal," Matt Schulz, chief consumer finance analyst at LendingTree, told Business Insider. BI examined the demographics of America's live-at-home young adults — the 42% of 18- to 30-year-olds who lived with at least one parent — using the 2023 American Community Survey, available from the University of Minnesota's Integrated Public Use Microdata Series. So, who made up that 42%? The charts below show the young adults who were more likely to be living at home. A majority of young adults living with at least one parent were men Over half of young adults living with at least one parent were men, while just under half of young adults not living with a parent were men. There's also a cultural element to multigenerational living. Pew Research Center found Black, Hispanic, and Asian young adults in the US were more likely than white young adults to live with their parents. Young adults living with at least one parent were more likely not to be in school The share of young adults living with at least one parent in the household who were in school was about double that of those living on their own — 39% compared to 20%. They're less likely to have a college degree Fourteen percent of young adults with at least one parent in the household had a bachelor's degree as their highest educational attainment, compared to 27% of those without a parent. Single young adults were more likely to live with at least one parent More young adults without a parent in the household were married than those living with at least one parent. Nearly all young adults living with at least one parent were never married or single, at 96%. They're not stay-at-home kids; they're more likely to be working than not Almost two-thirds of young adults with at least one parent in the household were employed, compared to 82% of young adults without a parent in the household. The share of young adults living at home who were out of the labor force — that is, neither employed nor looking for work — was nearly double that of those living on their own. While many were employed, they weren't earning as much as those not living with a parent On average, employed young adults with at least one parent in the household weren't working as many hours or making as much money as their peers who didn't have a parent in the household. According to Pew Research Center researcher Richard Fry, who authored a recent report on where in the country younger Americans live with their parents, young people are more likely to live with their parents when jobs are hard to come by and wages are stagnant. Pew previously found the share of people living in multigenerational households surged during the Great Recession and continued rising afterward. Living at home can also mean being disconnected from work and school There are those who choose to live at home for family connection and financial convenience, and there are others who don't have a choice. So-called disconnected youth who aren't employed or in school made up about 11% of the 16 to 24 age group in 2022, per a 2024 report from the research firm Measure of America. This cohort was more likely than their peers to live in poverty, lack health insurance, and receive government aid. Minorities and young people of color have higher rates of disconnection. "These are creative young people who, for a whole host of reasons, haven't had the opportunities or the support they've needed to explore what they want to do and figure out how to transition to adulthood in a way that's exciting for them," said Megan Millenky, a senior research associate at MRDC who studies youth development.
Business Insider
7 hours ago
- Business
- Business Insider
Meet America's typical live-at-home 20-somethings
Your parents' basement might be looking pretty good these days. In 2023, around 40% of younger Americans lived with their parents. Living with mom and dad is a popular safety net for Gen Zers who face steep housing costs, expensive higher education, and a shaky job market. "If you have the luxury of being able to move back home and pay less for rent, groceries, and other basic bills and put some money away in an emergency fund or towards other big financial goals, it can be a really big deal," Matt Schulz, chief consumer finance analyst at LendingTree, told Business Insider. BI examined the demographics of America's live-at-home young adults — the 42% of 18- to 30-year-olds who lived with at least one parent — using the 2023 American Community Survey, available from the University of Minnesota's Integrated Public Use Microdata Series. So, who made up that 42%? The charts below show the young adults who were more likely to be living at home. A majority of young adults living with at least one parent were men Over half of young adults living with at least one parent were men, while just under half of young adults not living with a parent were men. There's also a cultural element to multigenerational living. Pew Research Center found Black, Hispanic, and Asian young adults in the US were more likely than white young adults to live with their parents. Young adults living with at least one parent were more likely not to be in school The share of young adults living with at least one parent in the household who were in school was about double that of those living on their own — 39% compared to 20%. They're less likely to have a college degree Fourteen percent of young adults with at least one parent in the household had a bachelor's degree as their highest educational attainment, compared to 27% of those without a parent. Single young adults were more likely to live with at least one parent More young adults without a parent in the household were married than those living with at least one parent. Nearly all young adults living with at least one parent were never married or single, at 96%. They're not stay-at-home kids; they're more likely to be working than not Almost two-thirds of young adults with at least one parent in the household were employed, compared to 82% of young adults without a parent in the household. The share of young adults living at home who were out of the labor force — that is, neither employed nor looking for work — was nearly double that of those living on their own. While many were employed, they weren't earning as much as those not living with a parent On average, employed young adults with at least one parent in the household weren't working as many hours or making as much money as their peers who didn't have a parent in the household. According to Pew Research Center researcher Richard Fry, who authored a recent report on where in the country younger Americans live with their parents, young people are more likely to live with their parents when jobs are hard to come by and wages are stagnant. Pew previously found the share of people living in multigenerational households surged during the Great Recession and continued rising afterward. Living at home can also mean being disconnected from work and school There are those who choose to live at home for family connection and financial convenience, and there are others who don't have a choice. So-called disconnected youth who aren't employed or in school made up about 11% of the 16 to 24 age group in 2022, per a 2024 report from the research firm Measure of America. This cohort was more likely than their peers to live in poverty, lack health insurance, and receive government aid. Minorities and young people of color have higher rates of disconnection. "These are creative young people who, for a whole host of reasons, haven't had the opportunities or the support they've needed to explore what they want to do and figure out how to transition to adulthood in a way that's exciting for them," said Megan Millenky, a senior research associate at MRDC who studies youth development. In an unsteady economy, it's unlikely that Gen Z and younger millennials' interest in living at home will fade anytime soon. And, as Millenky said, the group reflects "quite a spectrum" of America's socioeconomic ladder.
The Star
12 hours ago
- Business
- The Star
Tiny homes for young urbanites draw criticism over livability
JAKARTA: The government's proposal to develop compact, subsidised housing for urban youth is facing growing criticism from both experts and potential occupants, who say the poor design and cramped living conditions of these 'mini houses' could jeopardise their inhabitants' physical and psychological well-being. The Public Housing and Settlements Ministry last week showcased two prototype units at Lippo Mall Nusantara in South Jakarta. The homes, which are slated for development in Jakarta and the surrounding cities of Bekasi, Bogor, Depok and Tangerang in partnership with real estate giant Lippo Group, have a starting price of Rp 100 million (US$6,121) and can reach up to Rp 140 million, depending on location and size. The single-bedroom unit measures just 14 square metres and sits on a 25 sq m plot, featuring a living room and a bathroom, while the larger double-bedroom unit offers 23.4 sq m of floor space on a 26.3 sq m plot that includes a living room and two bathrooms. Each unit also comes with a carport nearly as large as the living area. 'These smaller homes aim to attract young people, particularly Gen Zers who wish to [live] closer to their workplace [in] minimalist and affordable homes in urban areas,' Urban Housing Director Sri Haryati said on Monday (June 16). However, critics say the mini houses fall far short of acceptable standards and could do more harm than good. Observers have noted that their design lacks basic features such as proper lighting and ventilation, key elements of livable housing. These compact units also appear to violate existing regulations. Under a 2023 decree of the Public Works and Housing Ministry, a subsidised house must occupy a 60-200 sq m plot and its minimum building area must cover 21 sq m. They also fail to meet the international standards of the United Nations Human Settlements Programme (UN-Habitat), which require a living area of at least 30 sq m per house. 'This proposal represents a step backward in the fulfillment of the right to a decent home,' Tulus Abadi, chairman of the Indonesian Empowered Consumers Forum (FKBI), said in a statement received on Tuesday by The Jakarta Post. 'A house is not just a shelter. It is a space that supports physical health, emotional stability, family life and overall well-being.' Tulus added that such tiny homes were unsuited to long-term human habitation, as they did not have the capacity to accommodate the evolving needs of growing families. Eventually, their occupants might abandon them, leaving behind empty dwellings and deteriorating neighborhoods. The FKBI has urged the government to abandon its plan to build mini houses and instead focus on developing affordable, livable vertical housing, especially in space-constrained urban areas like Greater Jakarta. 'We don't need cheap homes that diminish the human spirit. We need decent housing that upholds dignity,' Tulus said. 'Don't chase the target of three million homes at the expense of basic human values.' A draft ministerial decree leaked at the beginning of June revealed a proposal to downsize subsidised homes from a minimum 60 sq m plot to just 25 sq m and a minimum 21 sq m building area to 18 sq m. Sri Haryati defended the proposed size reduction, saying it aimed to address the national housing backlog of 9.9 million units, 80 percent of which were in urban areas. The proposed downsizing was previously questioned by the public housing task force led by presidential adviser Hashim Djojohadikusumo, who is also the younger brother of President Prabowo Subianto. On Tuesday however, housing minister Maruarar 'Ara' Sirait said he had explained the plan to Hashim, whom he described as 'really helpful' to the programme. For Rahma, a university student who lives in Depok, owning such a tiny home is simply not viable. 'I saw the display [unit], and I couldn't even imagine stretching out comfortably in it,' she told the Post on Monday. Rahma added that she would rather spend more money to rent a larger space than live in something that could harm her physical and mental health. A 2024 survey by consulting firm Inventure Indonesia found that two out of three Gen Z respondents expressed pessimism about the prospect of buying a house in the next three years, citing soaring real estate prices as the biggest obstacle. Urban planning experts say the government's housing policy is driven by market logic rather than living needs. Anwar Basil Arifin, head of research at Menemukenali Project, a media platform focusing on urban advocacy, said the government should prioritise house designs that met health and safety standards that were also easy to navigate. Speaking on Sunday at the Jakarta Future Festival 2025, which ran from June 13 to 15 at Taman Ismail Marzuki in Menteng, Central Jakarta, Anwar highlighted that the key to the city's housing strategy was transit-oriented development. 'Jakarta's housing crisis isn't just a market failure, it is a crisis of urban design and imagination,' he said. - The Jakarta Post/ANN
New York Post
21 hours ago
- Entertainment
- New York Post
NYC comedian settles home disputes on viral 'Roommate Court'
Here comes the judge. Michael Abber may be new to the Big Apple, but there's one thing the West Coast native figured out right away — living in such close proximity can take its toll on a New Yorker's nerves, and living with roommates even more so. Now, the clever comedian is doing something to make life easier for his fellow citizens — solving spats between clashing cohabitants on the smash-hit social media show, 'Roommate Court.' 7 Abber travels across the boroughs, making peace between quarreling cohabitees on 'Roommate Court.' Stefano Giovannini 'A lot of people living together in New York City, God bless them, do not have enough space to get along. That's a luxury,' Abber, 27, told The Post. Of course, his court is not a real one. And Abber is not a literal judge — although the jokester tells The Post he did take the practice LSATs, and was awarded 'MVP' status in a high school mock trial thanks to his over-the-top theatrics. Instead, his new series, from Gymnasium, a short-form video production company, sees the wannabe Wapner hand down his rulings over kooky, yet contentious disputes in less than three minutes. With a governing style that's a mix between Judge Judith 'Judy' Sheindlin's no-nonsense slant and TV life coach Iyanla Vanzant's compassionate approach, the mediating millennial transforms the living rooms of the feuding friends into makeshift courtrooms. 7 The professional comic carries the courtroom show — literally — toting his podiums and microphone to each address in need of his unique help. Stefano Giovannini Lugging his 'plaintiff' and 'defendant' podiums into their humble abodes, the funny man — armed with a handheld microphone rather than a gavel — permits both parties to make their arguments before delivering his decree. 'Production and I always make sure the roommates actually have conflicts. I think it's only fun if it's real,' said Abber, who refrains from knowing anything about the people or their issues until showtime. 'The comedy of this comes from viewers identifying with the drama — and my reactions are real.' 'The roommates have to successfully stun me with their problems, which, so far, they absolutely have.' 7 In just over a month since 'Roommate Court' made its online debut, the show has amassed over 10,000 social media followers. @roommatecourt Luckily for the mediator, there's no shortage of in-house squabbles, especially in NYC, where Gen Zers are paying $2,100 a month to bunk with 23 roomies, and older Baby Boomers are sharing a roof as 'boom-mates' to beat rent inflation. To preside over each suit, Abber doesn't suit up in a classic jurist's robe. The faux official, instead, dons what he calls a 'David Byrne-meets-public defender' look, a distinguished yet slightly disheveled uniform comprised of a thrifted gray suit, a white collared shirt and crimson red necktie. Since making its virtual debut in May, 'Roommate Court' has amassed over 10,000 TikTok followers, attracting online audiences with curious cases such as the 'Throuple from Hell (Bushwick)' and the 'Cat Daddy Conflict.' The throuple found themselves at odds when one roommate, Maisie, began dating the other roommate Dennis's ex-girlfriend Anna, who was also their roommate. The trio agreed to keep their awkward current living arrangement — in exchange for burning Maisie's prized possession. As for the cat conundrum, the platonic foursome couldn't decide who should have guardianship over Loosie, a stray kitten who was already living in their apartment when they moved into the shared space. 7 The Angeleno moved to NYC in 2021, hoping to hit it big in the world of comedy. Stefano Giovannini 'All four of the guys wanted custody over Loosie,' Abber laughed. 'But, believe me, none of them were capable of caring for her on their own.' As a resolution to their feline feud, he made the men put aside their differences and clean out the kitty's poop-filled litter box as a unit. 'I am in the business of finding the cheapest possible solution that will stand for the longest possible time,' said Abber. 'It's kind of like the public healthcare of decision-making.' Beefing buddies Kaden Robinson and Jake 'Cleo' Besser were another recent success story. The troubled twosome, recent Fashion Institute of Technology grads living with three other guys above a Greek restaurant in Bushwick, recently tapped Abber to remedy their fight over a rare Tyler, the Creator vinyl. 7 Kaden Robinson (left) and Jake 'Cleo' Besser called Abber after a spat over a personal effects swap. Stefano Giovannini 'Cleo and I made a deal that I'd trade him a Planet of the Apes T-shirt and A$AP Worldwide hat for his Tyler, the Creator 'Cherry Bomb' vinyl, which is a record store exclusive,' Robinson, 23, a fashion buyer, told The Post. 'We shook on it.' But when Besser learned that the record had appreciated in value, skyrocketing up to $350, he wanted to renege on the deal. 7 Abber helped Robinson and Besser find peace and harmony after the pair began bumping heads. Stefano Giovannini 'I looked up its value and was like, 'Wait, this isn't a fair trade.' I felt misled,' said Besser, 21, a fashion and music video creative director. 'I was like, 'We gotta take it to court.'' The troubled twosome, along with their roommate Ben, let Abber orchestrate a more even swap, permitting Besser to take one of Robinson's beloved golf clubs. 'It was great,' said Besser. '[Abber] was a great judge and it was good to get an outside perspective and unbiased opinion — 'Roommate Court' is one of those 'only in New York' kind of things.' 7 Abber told The Post that he settles all sorts of roommate issues, from folks leaving dirty dishes in the sink, to controversial matters of the heart. Stefano Giovannini And Abber, a roommate himself, agrees. 'If I leave this world and people living together in New York City are doing their own dishes and putting their garbage in the trash can,' he said, 'I'll have fulfilled my purpose.'
Mint
a day ago
- Business
- Mint
Americans are side hustling like we're in a recession
Does your friend with a second job know something you don't? The share of working Americans holding down multiple jobs rose to between 5.3% and 5.5% during the first five months of the year. That's a range we haven't seen since the recession of the aughts, according to the Bureau of Labor Statistics. Granted, almost anything—from Lady Gaga to men's underwear—can supposedly be a recession indicator. Leave the forecasting to influencers and economists. Whether an increase in second jobs portends a recession is only half the point. People are side hustling like we are already in one. It's a testament to our collective unease and further evidence that careers will look very different than they used to. Holding one job at a time is on the way to becoming antiquated, or a luxury, for emerging generations. Roughly four in 10 millennials and Gen Zers have side jobs, according to new research by Deloitte. Elizabeth Faber, Deloitte's global chief people and purpose officer, says it's notable that the share of millennials working two jobs has been virtually unchanged for several years. People typically have less need for side hustles as they advance in their careers. But it isn't playing out that way for a group already scarred by two recessions. Marie Incontrera opened a cleaning business to diversify her income. Those juggling more than one job say they are bracing for a potential downturn by padding their finances while they can. They are also ensuring they'll still have a source of income in the event of a layoff or diminished earnings. 'I just started thinking, 'Well, a recession might be coming. Maybe it's time to diversify,'" says Marie Incontrera, who launched a cleaning business six months ago to supplement her main job as owner of a small public-relations agency in New York. She has grown her PR shop to two employees and several freelancers over a decade in business, and she earns enough to live comfortably in Manhattan. But Incontrera, 39 years old, knows her services could be one of the first things clients eliminate if they need to cut costs. After researching businesses that seemed dull but reliable—laundromats, carwashes, vending machines—she settled on cleaning because of low startup costs. She and a business partner book commercial and residential cleaning assignments and deploy gig workers to do the scrubbing, occasionally filling in when someone no-shows. What's most striking about Incontrera's choice of side hustle is that she had a cooler option. Before going into PR, she was a professional jazz musician. She could play the dive-bar circuit for extra cash but decided to be practical. The story of second jobs in this moment isn't only about how many people are taking additional work, but also about what they are picking. 'In the past we saw that many side hustles were driven by passion, but right now they're very much driven by necessity," says Priya Rathod, a spokeswoman for job-search site Indeed. In a recent Indeed survey, 52% of respondents said they have side hustles to make ends meet, much higher than the Labor Department's figure. Rathod says that could be because the poll includes people who don't have two steady jobs, but occasionally drive for DoorDash or pick up freelance projects on Fiverr. Dyna Krigbaum works 9 a.m. to 5 p.m. as a development coordinator at a real-estate firm in Arizona. She started nannying on nights and weekends this year. Dyna Krigbaum's second job allows her to bring her son to work. She makes enough at her day job to pay her bills but isn't willing to risk living paycheck to paycheck in the current economy. The roughly $800 a month she earns as a nanny is a safety net. Krigbaum, 30, used to babysit when she was a teenager. Now that she has a college degree, a white-collar career and a child of her own, watching other people's kids feels a bit like going backward. But it's a rare side hustle that checks three critical boxes: It pays well, fits around her primary job and allows her to bring her son to work. 'One minute I'm meeting with consultants and investors, the next I'm talking to a 2-year-old," she says. 'Sometimes you've just got to take a humble pill because you know it's the best thing for you." On a sunny afternoon last month, students at the University of California, Irvine, pitched tents and business ideas on a campus green. It wasn't another 'Shark Tank"-style contest for founders trying to build billion-dollar startups. Instead the event was billed as a 'side-hustle challenge" and featured cookies, homemade sweatshirts and eyebrow threading. Alexa Gaxiola also makes and sells rhinestone-studded clothing as a side hustle. Maryam Garg, a venture consultant to UC Irvine's entrepreneurship center, says more colleges are preparing students for a world that may require them to work a second job. 'And it's often something completely different than what they're studying," she says. Alexa Gaxiola's degree is in business marketing, which she uses in her day job as a sales assistant and social-media coordinator at an aerospace manufacturer in California. Her night job as a club DJ could hardly be further removed. Gaxiola, 26, says practically everyone in her social circle works more than one job. 'And if I know someone that has only one job, they're working overtime," she says. 'It's a survival thing." Her mix of a fun job and a staid one reminds me of how Hall of Fame baseball players once sold insurance or cars in the offseason. Recession or not, we may be headed back to a time when two jobs are the norm. Write to Callum Borchers at
