The article is from the public number: Kung Fu Finance (ID: kongfuf) , author: bipolar analyst, title figure from: vision China.
What made this generation of young people give up independenceData for the year show that nearly 22% of millennials, or more than 14 million young people, still live with their parents, the highest level since 2000.
▲ European and American young people living in the basement of their parents
A survey by John Burns Real Estate Consulting also shows that 41% of Americans are considering living with their parents or adult children. These data are also the highest level since statistics.
According to a Merrill Lynch report, more than half of young millennials say they need help from their parents to guarantee the quality of life. Los Angeles, Miami, New York, these young people’s dream cities have become the nation’s highest cohabitation rate with their parents.
It can be described as independent and valuable, and housing prices are higher. What made this generation of young people give up their independence and freedom to live alone, and chose to be the “Boomerang” generation and live in their parents’ house?
Is it filial?
—— No, it’s the house price.
Unmarried Parasite
Compared to Western countries, Japanese young people who have disappeared for 20 years are obviously more calm in the matter of elders. They have already accepted the arrangements of this era.
Data from 1995 show that 53.3 million people live with parents in Japan, accounting for 42.5% of Japan’s total population.
Among them, older singles are a huge group.
According to statistics, there were 12 million young people aged 20-39 in Japan who were unmarried at that time, accounting for about 10% of Japan ’s total population at that time.. And 67.6% of them choose to live with their parents.
▲ Statistics of Japanese parents’ share of living in 1995
This kind of young people gets a humiliating title in Japan, and the parasite is single. In China they are called “Lao Lao”.
The society is judging these single young people living with their parents with proud morals, but this society is manufacturing them with high house prices.
The lifetime unmarried rate refers to “a person who has never married before the age of 50.” In a 2015 survey in Japan, 23.4% of men were unmarried for life, while women accounted for 14.1%, setting a record high.
45.8% of young people aged 20-34 are unmarried, which is 1.55 times that of 1980; 16.3% of 35-44 years old are unmarried, which is 7.4 times that of 1980; 45-54 Of the age group, 9.2% were unmarried, 7.66 times the number in 1980.
Where have these unmarried people gone? Go live with my parents.
According to a survey by the Ministry of Internal Affairs and Communications, the number of unmarried people living with parents increased from 16 million in 1980 to 19 million in 2016.
▲ Number of births and deaths in Japan each year
A while ago, the “Mother and Baby Industry Observation News” estimated the new population of China in 2019. As of November 17, China’s new-born population was 10.16 million, which is expected to fall by about 4 million compared to 2018.
About this data, bipolar analysts also visited the staff of the relevant departments. The answer was that accurate data had to wait for the results of the Statistics Bureau in January, but the apparent decline in the number of newborns was real.
Meanwhile, the gender ratio in many places suddenly showed a balance this year. In a quasi-first-tier city in China, the gender ratio of boys and girls was about 108: 100 in previous years, and this year has dropped to 102.
▲ Plan of one-piece multi-generation house in the United States
Now this type of home has covered markets in 13 states, including the entire West Coast, Carolina, Minnesota, Texas, Florida.
You know, between 1950 and 1980, multigenerational families fell from 21% to 12%. Because at that time, not only was the pressure on young people to buy a house much lower than it is now, the Federal Housing Administration also provided a large number of subsidies for nursing homes, and it was normal for elderly people to choose nursing homes.
Now, not only young people ca n’t afford a house, but old people ca n’t afford a nursing home. A report from Deloitte in 2019 shows that the annual rate of return for senior housing in the United States is about 8.8% (Rental yield is 4.49%, and the capital appreciation rate is 4.31%) .
Pensions can’t beat capital.
After living in intergenerational housing, the elderly have reduced the cost of old-age care, and the children have reduced the cost of childcare. At the same time, the two have protected each other ’s privacy, saved redundant resources, and shared the family expenses.
It sounds great, but it is still an immature form of real estate in nature, and the road ahead is long.
Speak at the end
House prices are high, one generation is rich, and three generations are suffering. Young people can’t afford it, old people can’t afford it, what about the generation in between? Bear the pressure of the two generations.
Talk to your elders at home about this topic. You can feel their complex anxiety and excitement.
Anxiety is because of old age. It says: Nothing, you can go to the nursing home when you can’t move, but your face is full of anxiety and even rejection.
The excitement is because I first heard about the form of intergenerational housing, and kept thinking: This is really good, and the family should be neat and tidy.
In the form of family, we have experienced the era of independence from everyone to the small family. Nowadays, we seem to be facing a return from childhood