Lion of the Blogosphere

Parents who help adult children with rent

Have I blogged about this article before? The article gives us some numbers: “According to surveys that track young people through their first decade of adulthood, about 40 percent of 22-, 23- and 24-year-olds receive some financial assistance from their parents for living expenses. Among those who get help, the average amount is about $3,000 a year.”

If you follow the link to the article, you will see that adult children in blue collar work receive less money from their parents than children in white-collar work like “Art and Design” and “STEM.”

$3,000/year isn’t enough to afford to live in Manhattan, but remember this survey is for all of America and that amount is an average for all Americans and not just the children of the top 1% who live in Manhattan.

Here’s a summary, somewhat exaggerated, explaining parental support by class:

Low prole, mid prole: Kick kids out of the house with no money when they turn 18.
High prole, middle class: Kids live at home after they graduate college.
Upper-middle class: Pay the kids’ rent so they can live in a prestigious city like Manhattan.
Upper class: Buy their kid a condo/co-op in Manhattan.

Written by Lion of the Blogosphere

December 26, 2017 at EDT pm

Posted in Wealth

68 Responses

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  1. I’m out of my 20s and my upper middle class parents still give me the annual gift tax exclusion amount every year. They probably will until they die.

    Alex

    December 26, 2017 at EDT pm

    • America’s rapidly changing labor market means it’s harder to find economic security at a young age.

      I wonder how that happened! The New York Times wouldn’t dare mention the “I” word.

      If you legally and illegally import millions of employees it shouldn’t surprise anyone who doesn’t work at the NY Times that wages will be suppressed and capital will flow to the rich and the elite shareholders.

      If you follow the link to the article, you will see that adult children in blue collar work receive less money from their parents than children in white-collar work like “Art and Design” and “STEM.”

      “Art and Design” = gay, gay, gay and talentless White girls who make believe they are “creative”

      and “STEM.” = nerdnerdnerd + East Asian and East Indian and immigrant/work visa incels.

      Riffleman

      December 26, 2017 at EDT pm

      • OK, seriously, I support immigration restriction, but immigration flows are not nearly enough to explain the scarcity of good jobs and difficulty in household formation. That has to do with automation, concentration of jobs in expensive areas, decline of rural America, end of unionization, and, yes, immigration. Just because it’s one of the things the media doesn’t like to mention for PC reasons doesn’t make it the only thing.

        SFG

        December 27, 2017 at EDT am

      • Moral degeneration of the society us a major contributing factor as well.

        Yakov

        December 27, 2017 at EDT am

      • Feminism DOUBLED the labor market.

        fakeemail

        December 27, 2017 at EDT pm

  2. Only the upper class and the high prole class are using their money wisely.

    JS

    December 26, 2017 at EDT pm

  3. I know more than one parent who bought a town house near their child’s college for the child to live in.

    ScarletNumber

    December 26, 2017 at EDT pm

    • Assuming the parent retains ownership, that can be a lot cheaper than leaving your kid in a dorm or apartment, especially if your kid was going someplace like Berkeley or UCLA in the 80s/90s. In fact it might pay for all of the kid’s college, not just housing.

      J1

      December 27, 2017 at EDT am

      • It benefits the parent in three ways: 1) lower costs for the child’s college stay; 2) the increase in value of the townhouse during the time the child is in college; and 3) rent paid by whatever roommates who live in the townhouse.

        Peter

        ironrailsironweights

        December 27, 2017 at EDT pm

  4. and the last choice is how the rich stay rich because they are not wasting money on rent that exceeds inflation , but rather are building wealth by buying

    grey enlightenment

    December 26, 2017 at EDT pm

  5. There’s something to be said here. I’m not sure it’s intrinsically class related, but the families who have extended family assisting them have a huge advantage over those forging it alone. Divorce plays a role in this since fractured families tend to have more strife over kids/ grandkids/ money than intact families.

    Even in ‘living stone age’ indigenous societies, if a woman can live long enough to help out with her grandkids, those children have a longer life expectancy than children without grandmothers. The harshest hit to life expectancy is maternal death (in those cultures).

    Keep in mind, in western society the most coddled often end up in ruinous lives. Look at the grandchildren of j paul getty for example. I’m sure we can all think of trust fund babies who fell in a sinkhole. My sister knew a couple whose expenses were handsomely paid in full by wealthy relatives. They stayed home and did heroin all day.

    toomanyspiders

    December 26, 2017 at EDT pm

    • “My sister knew a couple whose expenses were handsomely paid in full by wealthy relatives. They stayed home and did heroin all day.”

      I think these stories are the exceptions, and the proles like them because it makes them feel superior to the wealthy. But for ever rich person addicted to heroin, there are vastly more prole addicts.

      Lion of the Blogosphere

      December 26, 2017 at EDT pm

      • I absolutely hate this sort of story, this nonsense belief that the rich are either really unhappy or have all sorts of problems, like drug abuse. It’s akin to the “shirtsleeves to shirtsleeves” in three generations lie.

        Listen, if you have children, then you need to understand this from the get-go: ALWAYS HELP YOUR KIDS. Your job as a parent is to fit your kids into the world. Your job is to make it as easy for them as possible to be as successful as possible so they can have children of their own with quality people. That’s what matters. If you are not actively helping your kids, then your kids will lose the race to those parents that do help. This is plain and simple. It will happen like the laws of physics.

        What does helping your kids mean? It means that you provide enough resources for them so that they need only have to worry about one thing at a time. If they are in school, then their job is school and anything related to it. Their job is not working some crappy McJob so they can get a car or buy clothes or have spending money or an apartment. Their job is school. You, as a parent, should provide the clothes, the car, the spending money and the apartment needed to maintain whatever status among the peer group within which your kid is networking and to focus on the institution in which this happens. If you are not doing this, then you are not a good parent and you have shirked your responsibilities. Basically, you should not have had kids.

        You want to know the easiest way for your kids to build a career? Help them not to have to make a living. Help them worry about the tasks needed for their careers, not whether they can make rent or from where they will get their next meal.

        Throwing a kid out of the house at 18 to fend for himself with no help in a world of heavily-subsidized people means he will be at a massive disadvantage. Don’t be surprised if he cuts you out from his life and then decides to put you in a home. You deserve it.

        Those parents that have been fed a steady diet of TV-lies about “gumption” and how depriving your kids builds character and how they should exhaust their children in “hard work” are the biggest sacks of dupes on the planet. This is the sort of labor-theory of value idiocy you see among middle class people who think hours spent in the classroom or in the books makes up for the prestige and status signaling of an Ivy-League university. It doesn’t. Real life is not “Caddyshack” where the Wasp-judge gets his comeuppance and the failure ends up being Spaulding.

        All of the really successful people I know had enormous amounts of help on the way up. They were helped in precisely the sorts of ways that I illustrated, on top of whatever connections the parents have. You do the same for your kids. You will not “spoil” them or make them “soft.” You will instead part the way for them like Moses and the Red Sea. They will be eternally grateful.

        map

        December 26, 2017 at EDT pm

      • Wealthy people are actually more likely to abuse alcohol than poor people, and rich kids are just as, if not more likely, to do drugs than their poorer counterparts.

        https://www.sciencedaily.com/releases/2017/05/170531133313.htm

        However wealthy kids are probably less likely to suffer legal/ life consequences as a result of drug use.

        Did you ever see the documentary ‘rich kids?’ It talks about whether privilege really is a golden bullet. Also features a young, very articulate ivanka trump, and yes features a washed up drug addict.

        to map, of course we should turn ourselves inside out to help our children, including whatever financial assistance can be afforded. But ‘help’ exists in non monetary forms and I have a feeling those families helping out financially are also offering emotional, intellectual and moral support. Chances are the families are also intact and stable. You could just as easily have a headline, ‘children from stable, non divorced families more likely to succeed in life.’

        toomanyspiders

        December 27, 2017 at EDT am

      • Are you talking about the movie “Born Rich” which I of course have reviewed in the past.

        Lion of the Blogosphere

        December 27, 2017 at EDT am

      • sry the docu is actually called ‘born rich.’

        I was thinking of rich kids of instagram.

        toomanyspiders

        December 27, 2017 at EDT am

      • I agree with you about heroin, but wastrel children of the rich really seems to be a thing. In fact, it’s so common that it’s reasonable to hypothesize that it’s really possible to be given too much. Since you live in Brooklyn, you surely see a lot of trustafarians in their 20s, sitting in coffee shops and pretending to be authors or whatever. Wouldn’t those kids be better off if they had to hold down real jobs, even if they were non-professional jobs like receptionist, 911 operator, flagman, etc.?

        And by the way, the professionals who deal with these issues every day — trusts and estates lawyers — all seem to be that the financial support received by adult children should be limited for children under age 40. Presumably that opinion is based on them witnessing, again and again, a child receiving a large inheritance at age 21 and ending up worse off for having received it.

        fortaleza84

        December 27, 2017 at EDT am

      • “Wouldn’t those kids be better off if they had to hold down real jobs, even if they were non-professional jobs like receptionist, 911 operator, flagman, etc.?”

        Better off how?

        Lion of the Blogosphere

        December 27, 2017 at EDT am

      • To be fair, there are vastly more proles too. It’s percentages that matter.

        J1

        December 27, 2017 at EDT am

  6. I would help my adult children if they were making a good faith effort to get somewhere in life, e.g. if they were married and working but didn’t have quite enough money for a 3-bedroom residence in a good school district.

    Anyway you are right that times have changed. I remember back in the 70s, advice columnists would tell parents to either kick their children out at age 18 or start charging them rent. Of course what we really need is for young adults, especially young men, to be able to make a living wage. Which we could actually achieve by tightening up on immigration a bit.

    fortaleza84

    December 26, 2017 at EDT pm

    • You can’t restrict immigration when you have companies that are corporate plutocrats like Amazon and Google that require a constant stream of cheap labor and individuals who are hungry to strive. The average White nativist seems lethargic when it comes to pleasing the plutocrats, unless they are in the boardroom.

      JS

      December 26, 2017 at EDT pm

      • A company like Google that needs a steady supply of government-subsidized immigration to stay profitable is not a viable firm. It is a “junk” business and should be quickly bankrupted so their immigrant scab labor and go back home.

        map

        December 26, 2017 at EDT pm

      • Again, as along as proles in America continue to patronize large conglomerates via frivolous consumerism, the worse off economically they will be.

        News have it that retail spending has gone up over this holiday season. It’s likely another “king for a day, fool for a lifetime” scenario. Let’s borrow money to buy junk and wait for Trump tax to foot the repayment.

        JS

        December 27, 2017 at EDT am

  7. 1) Nothing new about this. It’s mentioned in Whit Stillman’s The Last Days of Disco, which was set ~35 years ago.

    2) A number of “prole” kids join the military or get apprenticed in unions when they graduate high school. The 1st group then often goes to college for at least a couple of years on the GI Bill while applying for cop jobs; the second group slides into good-paying work sooner.

    Dave Pinsen

    December 26, 2017 at EDT pm

    • You used to be able to move to the city and make it 20-30 years ago, though, without external funding from parents. That is no longer the case.

      SFG

      December 27, 2017 at EDT am

  8. Valuable analysis. NYT of course can’t resist its commie spin.

    Robert

    December 26, 2017 at EDT pm

    • It seems like Montréal is the greatest city in North America for people in their 20s. It’s a bustling college town combined with a Manhattan/SWPL Brooklyn rolled into one, and its Francophone to boot. Many people live on the cheap and then move on with their lives, when they tried this and done that.

      Now look at a city like Toronto or New York City, both Anglophone cesspools that offer similar amenities for an arm and a leg geared towards those who could afford it, artificially inflating the value what the French Canadian city has to offer for a fraction of the cost. And worse, these 2 cities lack the charm or aesthetic appeal for the “self actualizing” types what we call here in America, where many of them whose existence is secretly funded by their parents.

      It appears that America and the English Speaking world is more concerned with separating the haves and haves not, because this is how commerce runs the world. Everything should have a price tag.

      JS

      December 26, 2017 at EDT pm

      • You are correct about Montreal. Life is actually affordable there.

        Stealth

        December 26, 2017 at EDT pm

      • …but cold. Yes, cold as a MF.

        Stealth

        December 26, 2017 at EDT pm

      • “Montréal“

        driveallnight

        December 27, 2017 at EDT am

      • Plus Montreal has a volcano in the middle of it. I wish we had one of those.

        Garr

        December 27, 2017 at EDT am

  9. A rich Tajik sends his son to study in Moscow. He rents him a fancy apartment in the center of town, pays tuition and all expenses and buys him a Mercedes. A month later he calls his son to find out how the kid is doing.

    – How are things?
    – Very good.
    – Are you getting good grades?
    – Yes, pretty good.
    – You got any problems?
    – Well, you see dad, I feel embarrassed among my fellow students?
    – Why is that, son?
    – Well, you see dad, everyone here goes by subway and I go by Mercedes.
    – Son, you gotta learn to be patient. You can’t have everything in life right away. You gotta work for things. Finish your year, bring good grades and I’ll buy you a subway.

    Yakov

    December 26, 2017 at EDT pm

    • BEST JOKE EVER. ok maybe third or fourth best joke ever, but still great! I’m going to tell it to my kids.

      toomanyspiders

      December 27, 2017 at EDT am

      • The credit goes to my illegal Tajik for ten no it.

        Yakov

        December 27, 2017 at EDT am

  10. “According to surveys that track young people through their first decade of adulthood, about 40 percent of 22-, 23- and 24-year-olds receive some financial assistance from their parents for living expenses. Among those who get help, the average amount is about $3,000 a year.”

    $3,000 is just an upper class gym membership and playing in a league. This is peanuts. Very little. Incidently, doing work in these people’s homes it was obvious to me that they were not self-sufficient. We call them PHDs – Papa Has Dough. I always tell them to read The Sea Wolf. The country should reinstate the draft to give these bastards discipline instead of legalizing marijuana to lake them lose What’s left if their brain.

    Yakov

    December 26, 2017 at EDT pm

    • Yakov, if this is of any interest to you, Sea Wolf was written by Jack London, and although he was American he spent time living in and writing in Dawson City Canada. The cabin he lived in during the Gold Rush days there is open to public view, and I’ve had the good fortune to have seen it from the inside.

      Roli

      December 26, 2017 at EDT pm

      • Yep, this is interesting.

        Yakov

        December 26, 2017 at EDT pm

      • Do you have a kirpan at home?

        Yakov

        December 26, 2017 at EDT pm

      • Kirpan at home?
        Oh goodness no. Strictly lapsed Sikh here. I do occasionally go to temple but only under duress from the wife.

        Roli

        December 27, 2017 at EDT pm

  11. Its only normal to ensure your kids find their footing in this world while you help them find it. The extent to which you help your kids is sometimes determined by your affordability. I know a couple of Indian families where they are paying for their kids med school and dental school. Their kids will graduate with no debt at all. A few other families who cannot afford to send their kids to private school so buy homes in districts with excellent schools. its all natural. I only see societal upside to it and no downside.

    mpt

    December 26, 2017 at EDT pm

  12. More important than any of that is (by its very nature) clannishness. The historic family systems of Europe are also important here:

    “l’explication de l’idéologie” | hbd chick

    JayMan

    December 26, 2017 at EDT pm

    • Yep. The Jews are notorious for trying to give their children ‘everything’. So the question to be asked is where is that child for whom all these generations have been working so that he should have ‘everything’? The answer is that he hasn’t been born yet.

      Clanishness is a superior ideology, by far superior and I subscribe to it. Look at Lion, he had a post advocating not lending money to your family and friends! Just look how stupid he is: he won’t give to his own, but he is obsessed with status, the best colleges, the best jobs where you do nothing just ‘transfer value’ and how are you supposed to get those things? You gotta kiss up to powerful strangers, establish connection, ingratiate yourself to the rich and powerful, plan your whole life around it and be a total nothing. How utterly stupid and disgusting! You help your family and your family helps you or the next generation. They will help you to land a good job, clinch a good deal, buy a good property, find a good marriage partner, not strangers! You lend money to your family and friends (the responsible ones obviously) without being asked, you offer on your own. This is what a real friend is, he isn’t afraid to lose money helping his own. He doesn’t disaper at times of trouble, that’s when he shows up and helps. Family, tribe and nation are the most important things in life.

      Now democracy, now that is a first rate joke and a total riot. So these people with nuclear families are uniquely suitable for democracy. Like if you don’t care about your brother you gonna care about a Negro from Sudan, right? So they flood their countries with immigration both legal and illegal and their own people are outbread and replaced. But they have democracy! How wonderful! This whole theory of HBDchick is cute and she has an interesting blog, but who the hell needs democracy that is going to self destroy? Not me, oh no! I’m gonna stick tight with my Jews.
      .
      A state is there to benefit the nation. Anything else is treason. Think: if a state isn’t benefiting the nation, it’s detrimental to national interests, in fact to the very existence of the nation. Who needs such a state? If this is what ‘democracy’ has evolved into, down with democracy. An alternative form of government has to take over.

      Yakov

      December 26, 2017 at EDT pm

      • Israel is a democracy…in fact, that’s probably their biggest problem. Once the Arabs become a majority they will take over the state, and we will see the second most dysgenic event of modern times.

        SFG

        December 27, 2017 at EDT am

      • Someone could write a Dostoevsky-type conversation-based novel mainly built up out of comments like this one on Lion’s blog — some of Lion’s regular commenters would be the characters, running into each other in various locations in NYC.

        Garr

        December 27, 2017 at EDT am

  13. Although I currently live in Vancouver, I grew up and went to school in Canada’s sparsely populated frozen north. On the day of my Grade 12 graduation ceremony in my small school, I clearly remember asking one of my class mates why his parents has bought him a suitcase as a grad gift and he looked at me like I was retarded. It was obviously a stupid question, because almost everyone in my class got luggage from their parents as a none too subtle reminder that it was time to scram. I remember too, the feeling of extreme self-consciousness about the fact that I was the only one from my graduating class who would still be living at home (while taking pre-university classes at a local community college). My school mates were uniformly white and I was Indian and at the time I assumed my decision to stay at home had to do with my ethnicity. Many years later now, I still occasionally connect with some of the people I went to school with. Most of them lead fairly nice lives and some have successful careers, but by and large none came close to attaining the level of financial success I was able to achieve in the years since our grad ceremony, and this in spite of the fact that I was not the sharpest tool in the shed. What I didn’t clue in about at the time of my grad, but see clearly now is that unlike my working-class class-mates (some of whom were very smart kids), my own upbringing was fully middle class and although class was considered a dirty word in the milieus I grew up in, in the end it had a massive impact on shaping all of us.

    Roli

    December 26, 2017 at EDT pm

  14. Lots of kids who got below average financial support from their parents in the 1970s are now middle aged middle class people living far from home but who are sending checks to cover the mortgage payments and cover the insurance payments (and/or the deductibles) so that their now elderly cheapskate parents do not have to move out of their nice homes and do not have to go without insurance.

    Just saying. I don’t read the NY Times, I am sure they have covered this phenomenon.

    howitzer daniel

    December 26, 2017 at EDT pm

  15. I have a Sicilian friend who paid for his daughter’s Ed. degree at private college (60k), and son’s dental school tuition, also private (250k). Both are doing fine in their new careers, but he’s pissed that son’s wife is a virulent SJW who openly sneers at him for owning guns.

    Marty

    December 26, 2017 at EDT pm

    • Thats why the most important part of College Prowler is checking out how liberal the school you are selecting for your kid is.

      Yakov made a lot of good points above. One of the key features of protecting your family line has to be to select a school where you arent paying to have them indoctrinated by Lefties.

      Even if they dont succumb, they have to spend four years groveling for brunt out leftists and looking for mates in a student body that takes the drivel seriously. Spend your money to send the somewhere better.

      Lion of the Turambar

      December 27, 2017 at EDT pm

  16. Why do prole parents think their kids can survive on their own at 18 with just a high school degree? They’re treating them like foster children.

    Lee

    December 26, 2017 at EDT pm

    • Not everyone needs to go to college. Especially proles. Society should encourage them to pursue apprenticeship and then blue collar work.

      mpt

      December 26, 2017 at EDT pm

    • Because they grasp that their spawn are unfit for college. The fact that we’ve created a plethora of colleges for dumb people doesn’t mean we’ve made having a degree and remaining dumb desirable for employers. Lion needs to comment soon on the labor capital vs the signaling theory of educational value. Too many are assuming that time spent in a classroom necessarily translates into a high value employee; not true.

      Curle

      December 27, 2017 at EDT am

      • Most American universities/colleges are vocational anyway. The mere fact that college sports are just as important as much as business 101 gives away that our learning centers are all about work hard, play hard.

        JS

        December 27, 2017 at EDT am

      • But remember the mainstream, nurture-over-nature view of intelligence, which is that it’s a product of education. People think that getting a college degree makes you smarter, and if you’re still dumb after going to college, you didn’t study hard enough or it wasn’t a “good school.”

        Hermes

        December 27, 2017 at EDT am

      • St. John’s University on Staten Island in the 80’s and 90’s was designed totally for the proles with some money. easy academically, had a business school that they worshiped (very Republican), very republican as of course they earned everything. it was kind of the false conservatism of the time. spoiled brats with money and less work ethic and brains than their parents, just waiting to inherit the family business or get a city job or work on Wall Street because they know business.

        it is a sign of the gradual de-prole’ing of Staten Island that this campus eventually failed with a non-existent student body and degeneration to a pseudo community college. actually went down to a few hundred per class. the proles are all moving the New Jersey.

        Chris Stevenson

        December 28, 2017 at EDT pm

    • Surviving at 18 used to be a lot easier when you could show up at a random pizza parlor and make enough money to make rent and buy cigarettes. Nowadays Pablo and Jose use those jobs to make a below living wage and undercut Tom the prole plumbers son, so not getting parental support means homelessness.

      Paul Ryan's Sickly Old Lap Dog

      December 28, 2017 at EDT am

  17. Rent help is just totally dwarfed by career referrals and dinner table advice. I’d like to see some analysis of “kids who went into dad’s industry” vice “kids who who totally set out alone.”

    There’s this myth that people emerge new born from degree programs and get a job on a good track. That’s not how it works. The schools can be for learning specific useful low level things, but the higher level strategy is untaught. I have a large extended family and we’ve all advised and occasionally set up nephews and cousins and so forth. I did mock interviews with a nephew looking to enter my field recently. My brother in law helped set up two other nephews with internships that lead to jobs. They were earned in fair competition, but good luck against the guy with proper coaching. If not with jobs, just the advice and contacts are essential. I am where I am with help from extended family. I have no idea how it would have played out otherwise. Maybe better, maybe worse. I suspect I’d be relatively poorer without all the guidance I got.

    I also find it suspicious how kids who I remembered as fairly run of the mill with fathers in private equity gigs are now high earners in private equity gigs.

    bobbybobbob

    December 26, 2017 at EDT pm

  18. The one thing I would add to the excellent comments here is that this is basically the only way into a lot of glamour careers like journalism and fashion…your parents have to buy or rent you an apartment while you work at an internship that doesn’t pay. It’s one of the big reasons the NYT is so elite-focused…didn’t Lion dig up Thomas Friedman’s background ages ago and find out he was third-generation rich or so?

    SFG

    December 27, 2017 at EDT am

  19. Lion,

    OT, but I think I’ve just read the ultimate “left-out-at-Christmas” self-pity whingefest. It’s beyond parody; the guy deserves some kind of prize:

    http://www.independent.co.uk/voices/immigrant-christmas-lgbt-lonely-a8127046.html

    ice hole

    December 27, 2017 at EDT am

  20. Lion, since you have no kids and have more money than you need, do you plan to start giving gifts to your nieces or nephews? Have you decided who you will leave your estate to?

    David Pinsen

    December 27, 2017 at EDT am

  21. Your blog is mostly bs but this one thing is correct. North American white parents do see their children as money pits, I wonder why most of them end up in a nursing home at mercy of immigrant caretakers. Lol

    Gp

    December 27, 2017 at EDT am

  22. It might be wise, I still find it disgusting that spoiled and already privileged kids get extra money. If they really have these superior high class genes, they should be able to make it on their own. Ridiculous.

    If some 25yo guy told me he’d still receive money from his parents, I’d consider him a loser not worthy of my time.

    There must be a way in-between throwing your kids on the streets at 18 to work dead-end shitjobs and spoiling them until your death.

    Maciano

    December 27, 2017 at EDT am

    • I once had a co-worker whose dad was a multimillionaire, and it turns out that his son will be the last of his line.

      JS

      December 27, 2017 at EDT am

      • You should have lots of kids and if you are multimillionaire, you should have tons of kids. This is how you live forever. Let the world worry about over population, not my problem.

        Yakov

        December 27, 2017 at EDT pm

    • Compulsory military service is that way.

      Yakov

      December 27, 2017 at EDT am

  23. Liberal journalism tells that this picture of housing projects is worth hundreds of thousands:

    “AREA CODE 914 — WESTCHESTER COUNTY, N.Y.

    Mean household income: $330,499

    Nestled along the east bank of the Hudson River, north of Manhattan, Westchester County is home to one of the richest area codes in the state. In swanky Scarsdale, you’ll find homes on the market for as much as $8.6 million, and property taxes can cost around $50,000 per year. The average home price is $1.2 million, however, and the poverty rate is just 2.3 percent”

    https://www.msn.com/en-us/money/realestate/richest-and-poorest-area-codes-in-the-us/ss-BBGieAC?li=BBnb7Kz#image=46

    JS

    December 27, 2017 at EDT pm

    • These gotta be NAM projects. Who else lives in ugly buildings like this?

      Yakov

      December 27, 2017 at EDT pm

  24. it’s fun to ask the proles who brag about and preach the out at 18 rule about how much they did to prepare for this “event” over the years. were they giving age appropriate lessons about managing money, finding work, selecting a community, making the whole thing work, etc.?? a lot of prole parenting is low investment. this is the true difference between them and the functional rich, middle and even working class groups. the rich healthy families’ children who might be home longer in many cases have a life plan and much guidance. they are at home for practical reasons while actively doing something. high investment parents view things as more of a continuum rather than an age punctuated milestone. the more functional the family, the higher the parenting investment. the proles who read the parenting advice columns of the 70’s preaching the 18 out rule and other disciplinarian stuff were reading something designed to feed their egos and protect them from a reality. it was written for them for the new stay-at-home mothers who only a generation before would have been sweatshop, packing plant, kitchen and other scut work slaves. they were experiencing an unparalleled level of lifestyle for people of their class, ability and cultural functioning. they needed easy answers when the unearned prosperity was not rooted in a raised level of sophistication. they felt that their children were going wrong as deep down inside they knew this was existing outside of how their people were evolved to live and their core competencies. the prosperity was damaging to them. a message that tells them that they raised themselves by the bootstraps and deserve their prosperity while validating their inaction to tell their children how to achieve it keeps them from realizing any self criticism.

    as an example, Vinny the garbage man went from raising his children in a basement or other humble apartment, bus to work, maybe an old used Chevy. his children were going to have roughly the same. well, their women, well let’s just say that they were not getting their nails done. enter accident of history and he has a house in Staten Island or some detached house area of Brooklyn and drives a new Cadillac and takes vacations other than to the local park. he has a swimming pool. has he changed internally? if his children in the 1970’s faced an inability to step into what he has, does he have any way to teach them about getting it when he does not really know how he got it other than that he feels that he earned it and deserves it. the Republican party actually has a strong prole element to it when it sells the false conservative meme. the prole is sold the lie by them that this is what things are supposed to be instead of the recognition that his “success” might have a lot to do with an economic era that was more of an exception than the norm. regardless of the fact that many worked hard. remember for them that hard work was only a maintenance of subsistence living until the boom era. but they have to see validation in their hard work or else they must accept that their lifestyle was for reasons outside of their control. do they know how to train their children to navigate an unknown landscape?

    Chris Stevenson

    December 28, 2017 at EDT am


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