Third of millennial adults still living with parents -- here's the reason why and what we had better do about it... soon

Adults are living at home with their parents in numbers not seen since the Great Depression.

Free Catholic Knowledge Assessment from Catholic Online School

LOS ANGELES, CA (California Network) - If you're a millennial, you know how the dating scene works about 40 percent of the time: "Can I come over?"

"Sure, let me ask my parents!"

"But wait, you're 34..."

Several studies have contributed to the finding. According to Pew, Millennials are making less money that Generation X. With less purchasing power, they simply cannot afford to move out. Median household millennial incomes are an average of $2,000 less than they are for Generation X. That loss of purchasing power is the equivalent of a house payment or two to four month's rent across most of the country. But for many people, the disparity is even worse.

Home ownership rates for those in their 20s and 30s have dropped substantially, and those rates are expected to continue their decline as student loan debts skyrocket and come due.

As a result of these factors, 32.1 percent, almost a third, of all millennials live at home with their parents. The average age of this group is 34.

The political impact of this problem is developing. As young adults feel closed off from the American dream. For many, the American dream includes a steady job with decent pay and benefits, a house, a spouse, children, vacations, and retirement. Your child could grow up to be president. Of course, you have to work for this dream, but the opportunity is there if you make the right choices.

But many Americans don't feel the opportunity is there. Some can join the military to earn assistance with college classes, but not everyone can --or should join. Many people are not cut out for such work. With that route closed, what options do millennials have? Minimum wage jobs often become traps with variable schedules and heavy debt burdens which keep people dependent on their jobs while unable to advance themselves. Attempts to address this problem are routinely shot down by powerful lobbies.

College is no panacea either since changes in the markets and a lack of technical educational options means the degrees and certificates many pay small fortunes to earn are almost worthless upon graduation. We have a generation of people who have not learned any useful skills to our modern society. Wood shops, auto shops and more have been replaced with advanced algebra and surveys of minority-produced literature. These courses are laudable, very laudable indeed, but they yield little economic benefit compared to job training.

Poverty is expensive. Poor people face additional fees and higher interest rates. Many people have given up and have become dependent on welfare because hard work simply doesn't pay like it once did. In the 1970s, a person working minimum wage could live on their own without need of assistance. Today, there is no state where a full-time minimum wage job even earns enough to pay rent on a two bedroom, one bathroom apartment. Even career professionals are still living at home. Prices are too high, and pay is too low.

The problem is purchasing power. Wages must rise. Of course, prices will also increase, this being the proper economic response to wage increases. But whatever happens, the purchasing power of the working class must rise relative to what it is today.

These people vote, so their frustration matters. Many political analysists suspect the nation will turn hard to the left in the coming years unless the Trump administration finds a way to re-level the economic playing field for millennials. These people need two things, opportunities, and better pay, with pay being the greater need. Opportunities remain for those who actively seek them. But opportunities can turn into traps if the pay is so poor, and advancement prospects are so limited that a person can never improve their financial status. This is a major problem for women and minorities in particular.

The American dream is dying, and it isn't all the fault of the millennial. We have an entire generation which has decided that the optimal choice for well-being is to be dependent on their parents well into middle-age. But when purchasing power continues to decline relative to inflation, we make the dependency option more and more attractive.

The seriousness of this issue cannot be understated. Bernie Sanders, the popular independent senator from Vermont has started a new movement; it's name is "Our Revolution."

If it sounds socialist, that's because it is.

Our Revolution is dedicated to advancing socialist candidates and policies. In the coming years, the movement will become a sort of "alt-left." A great majority of millennials favor Sanders and his movement. Millennial voters supported Sanders over Clinton by a margin exceeding 2-1.

Either we quell this movement with a more fair economy, similar to what we enjoyed in the 1950s though the 70s, or when the millennial generation takes popular control, they will have as little sympathy for us as we've had for them.

Download 100's of Prayers for free

One final fact, according to a federal statistics, 75 percent of welfare recipients have one or more jobs.

Even the Wall Street Journal, a conservative publication agrees, it's poor paying jobs, not unemployment, that's destroying millennial and the future of our nation.

This is our warning.

---

The California Network is the Next Wave in delivery of information and entertainment on pop culture, social trends, lifestyle, entertainment, news, politics and economics. We are hyper-focused on one audience, YOU, the connected generation. JOIN US AS WE REDEFINE AND REVOLUTIONIZE THE EVER-CHANGING MEDIA LANDSCAPE.