parents pay their rent
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parents pay their rent (by Tony [NJ]) Jan 29, 2023 10:41 AM
       parents pay their rent (by Richard [MI]) Jan 29, 2023 1:16 PM
       parents pay their rent (by mapleaf18 [NY]) Jan 29, 2023 2:51 PM
       parents pay their rent (by Robert J [CA]) Jan 29, 2023 3:19 PM
       parents pay their rent (by MikeA [TX]) Jan 29, 2023 7:27 PM
       parents pay their rent (by zero [IN]) Jan 29, 2023 8:11 PM
       parents pay their rent (by BRAD 20,000 [IN]) Jan 30, 2023 12:43 AM
       parents pay their rent (by zero [IN]) Jan 30, 2023 9:33 AM
       parents pay their rent (by Wilma [PA]) Jan 30, 2023 10:41 AM
       parents pay their rent (by Barb [MO]) Jan 30, 2023 1:12 PM
       parents pay their rent (by Dee Ann [WI]) Jan 30, 2023 11:04 PM

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parents pay their rent (by Tony [NJ]) Posted on: Jan 29, 2023 10:41 AM
Message:

The blaze . com

A poll measured how many Millennials are getting their bills paid by their parents and found that nearly one-fourth got help with paying the rent.

The OnePoll survey conducted on behalf of Chartway Credit Union found that 24% of Millennials said their parents pay their rent.

That's slightly higher than the 19% of all adults who said their parents pay their rent. Another 19% of all adults said their parents pay for their groceries, while 16% said their parents pay for their utilities.

39% of Millennials said they struggled to find information and other resources to help with their finances, while only 11% of Baby Boomers said the same.

The survey found some regional financial differences as well. --73.215.xxx.xx




parents pay their rent (by Richard [MI]) Posted on: Jan 29, 2023 1:16 PM
Message:

A sad state of affairs.

Who's responsible? All of us.

Parents and grandparents for not making sure the schools taught reasonable stuff. Finances, how to get by, etc. Also for not realizing the schools were deficient and taking the responsibility themselves. And for not controlling the govt. (It's easy to point fingers and shift the blame).

Schools for being too stupid to realize they were co-opted by socialists to not teach needed stuff and instead indoctrinate kids with garbage.

Bankers and colleges for encouraging kids that they MUST HAVE a college education or they are nothing. Then luring them into a lifetime of debt that can't be discharged for an "education" and degree that is often worthless.

Society as a whole which has told them that the govt will take care of you and works to make them believe it, creating generations of entitled welfare addicts.

The govt, for creating easy free money and handing it out which destroys the incentive to work and earn what you want. (Just give it to me- I deserve it. I'm entitled to it. You owe me).

It's obvious that certain people/groups want to go back to the middle ages model where there were kings and the rest were peasants. We read it often these days - "You will own nothing and like it". Each day, a little at a time, the govt, in league with some of the rich, takes a little more from the regular people. Like the death of a thousand cuts, you hardly notice or complain until it's over and you are a peasant, serving the kings and you continue to exist only as long as you are useful to them.

--97.85.x.xx




parents pay their rent (by mapleaf18 [NY]) Posted on: Jan 29, 2023 2:51 PM
Message:

I'd hate to see the stats on Gen Z! It's probably 75% --64.246.xxx.xx




parents pay their rent (by Robert J [CA]) Posted on: Jan 29, 2023 3:19 PM
Message:

A tenant is always a bit late paying rent, because they ask parents for partial rent money. No need for working extra shifts and paying rent by themselves. Just mooch off their parents.

So one day my tenants sister came for a visit. She is a part time struggling actress. I was called to the apartment because they needed a special bulb for the ceiling fan. So I said to the sister, "Wow, that's a nice car your parents bought you"!

My tenants said, "Our parents didn't buy me a new car, how come sister your so lucky"? The sister responded, "I never asked mom to pay my rent, so after helping you out it's only fair to buy me a new car"!

My tenant was furious at themselves, never realizing they could have waited to ask parents for help, but instead was lazy and stupid. Of course the sister didn't have a new car, she was just method acting.

Later when my tenant went to look at the new car parked in the lost of my apartment building, they saw a younger person meeting with my tenant who's a notary, singing papers to buy a house. Not only did that person have a new Tesla, but was also buying a home.

--47.149.xxx.x




parents pay their rent (by MikeA [TX]) Posted on: Jan 29, 2023 7:27 PM
Message:

It seems like the further we get away from the silent generation (previous to baby boomers) the higher percentage of people that live beyond their means and expect someone else to take care of them. There's lots of reasons as Richard pointed out but the primary one in my opinion is that parents don't understand the necessity of children to mature by having to suffer through their bad decisions. They are coddled and thus remain in a state of immature decision making that requires constant intervention.

The really scary part is what happens in America when the boomers are gone? The percentage of immature people becomes the majority. --209.205.xxx.xx




parents pay their rent (by zero [IN]) Posted on: Jan 29, 2023 8:11 PM
Message:

I have one tenant who's mother pays her rent all the time. Has for years. I don't get it, but it is what happens. She is a grown woman with I think four kids.

Had a deadbeat a while back who would have her mom pay the rent and late fees. Her mother would get with me and make sure she was behind first, then she would pay me directly. Always said she didn't understand why her forty something daughter acted like she did.

I always wanted to say maybe because you pay all her bills and take care of her minor child, but meh, that's not my job. --107.147.xx.xxx




parents pay their rent (by BRAD 20,000 [IN]) Posted on: Jan 30, 2023 12:43 AM
Message:

Millennials include up to 40 years old!

zero, Get that mother or parent who pays the rent on the lease or at least some kind of guarantee document signed by that parent.

We recently had a situation where the mother was in another state but sent us a check every month like clockwork for her deadbeat non working son.

Worked for years untilÖshe decided to stop.

Yes we evicted but it was delayed etc. so we lost a lot of rent that we will never be able to recover.

BRAD --73.103.xxx.xxx




parents pay their rent (by zero [IN]) Posted on: Jan 30, 2023 9:33 AM
Message:

But then I have two people to evict. Mother pays the rent but daughter is responsible. If mom misses the kid is in trouble.

I didn't start the lease with mom helping. It has just happened over the years. Only time I had an issue was last year when I bumped the rent. The increase wasn't in the deposit. I texted tenant and she apologized. She hadn't told her mom about the increase. Paid the rest and a late fee the next day.

This is not something I would suggest doing for all the places. If I knew that mom (or another entity) was paying I would get them on the lease as well. The daughter made enough money and had no poor background. I think it's just the way they are. I help my kids out but not to this extreme.

Although both of them get discounted rents, but that's a mess the spouse created. --107.147.xx.xxx




parents pay their rent (by Wilma [PA]) Posted on: Jan 30, 2023 10:41 AM
Message:

@Richard(MI) - don't completely blame the parents. Some adult kids just choose instant gratification over living below their means, despite training and example. --96.245.xx.xx




parents pay their rent (by Barb [MO]) Posted on: Jan 30, 2023 1:12 PM
Message:

There is also a lot of underemployment.

First, Millennials are currently between about age 25 and 40. Gen Z is currently getting blamed for a lot of what millennials do and/or say.

Also realize that a lot of millennials were underemployed for quite some time, and now inflation is hitting many of them hard.

In 2015, my daughter had graduated from university with a biology degree but it took 3 or so months for her to find a job after she graduated. When she did, the starting pay was only $13.60/hour. Her bf got a job making a similar amount. They both had student loans, plus rent plus car insurance (young drivers pay a lot of insurance) plus all the rest of their expenses to pay. Then the company he worked for went under, her car died (we had given it to her, the BCM fried), then his car died. He found another job, but it took time. Family helped her buy a replacement car. Daughter worked as much OT as possible, he got a different job, etc. They kept going. Got married and kept going, but every so often needed a little assistance. We helped them with a house downpayment in late 2019/early 2020. Now, they are finally getting ahead, but it has taken time.

Similarly, son has recently needed help, even though he is active duty army. He was given the opportunity to go to his next school early, but it meant he didnít have time to let the army come in and move him, and he instead needed to rent a truck and move halfway across the country very quickly. He also needed help with finding a place to stay and with deposits and first monthís rent. Luckily, he was moving to the army base very close to where we live, and I was able to go put eyes onto a place he found online, do a tour with him on the phone, and I could pay his deposit and holding fee for him. If he had had more notice and time, he could have gotten an advance for deposits and the army would have moved him, but things moved very quickly and he had only about 3 weeks from start to move. The government doesnít usually work that fast. While they had savings, they didnít have a lot of savings. They are fine now, but they still have challenges.

So, I donít blame millennials. I know how much university tuition has multiplied in the last 35 years. Scholarships have NOT kept up with how much university costs. Society over the last 35 years told students they HAD to get a 4-year degree. A lot of jobs disappeared. Many that did not have not kept up with the cost of living.

So, just as the older folks are complaining that their social security no longer buys what it did 20 years ago, so are the younger people telling society they are not being paid a living wage.

I read an article recently that the Feds had determined that the minimum living wage was really $15-$25/ hour to pay basic expenses in many places. Where I live, for example, one really needs to earn around $15/hour to pay for an apartment, car (we donít have busses, so a car is needed), and survival. That is to support one person. Yet the state minimum wage is well below that, and even our largest employers are barely paying above that for people with degrees, and often even advanced degrees. There are literally jobs being advertised that require a masters degree, yet pay only about $17.40 to $20/hour.

It is no wonder our younger generations need help paying their bills. --149.76.xxx.xx




parents pay their rent (by Dee Ann [WI]) Posted on: Jan 30, 2023 11:04 PM
Message:

RICHARD: I think you hit the nail on the head. I don't know what schools are teaching nowadays. We had home ec. and were taught how to stretch a dollar in preparing meals, bugeting and investing. Not only in Home Ec, but in our 3 hour office training program.

In my opinion, there is nothing wrong with helping out now and then when children are responsible.

I put myself through school paying for everything by working a year to save money to go, working 2 jobs during the summer and 3 jobs while attending school.

What is sad about Social Security is how it is taxed. You've worked your butt off for it, then give much of it back because your bills are so much you have to work more.

We set ourselves up by wanting more, mom and dad working, a two family car...want, want, want. --75.11.xx.xx



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