When I left school I was conscripted into the army which was compulsory back then and as much as I hated the experience I grew up very quickly. I never went home afterwards and forged ahead independently being self sufficient. Quite the opposite from the above stat as I have ploughed money back towards my parents. When I was 26 I owned my first property and now own 2 with one fully paid off.
I do understand these stats however as I have both my kids living at home and as much as I would like them to leave and become independent life as we knew it has changed. The cost of having your own property plus a car is out of reach for many and thus rely on their parents to help subsides their living expenses.
What is interesting is the breakdown with a boomerang being someone who left home and returns at some point later on. I have experienced the boomerang a couple of times and most likely there will be more instances in the future.
When I was growing up and buying my first property the ideal property would have to have extended accommodation where I could accommodate the in laws or my parents if required. That is how I still think as taking care of the elderly is the right thing to do without sending them off to a retirement home. I think that idea is bought about by the way you are raised as family comes first no matter what. I must admit I am horrified at so many who have the means, but don't take care of their parents even if it means a sacrifice or two.
So 66% of society relies on their parents support even after the age of 43 which is a real shocker and means it is a chain reaction. Grand parents handing out a helping hand to their kids
This does make me wonder what everyone is doing with their finances as it must boil down to living beyond your means with irresponsible spending habits. My kids still have a long way to go by the 43 year age mark and I expect them to be in their own place by then. I may be paying out a bit each month to make that happen, but I think this is important to have their independence and self respect.
Where would I be if I never went to the army as it does enforce certain disciplines that you would have missed out on. I see it in other young adults today as a missing ingredient that would do them some good. Respect, discipline and a few other traits are definitely missing which would make such a difference to achieving more in life. The younger generations have been spoiled and protected far too much and it is the parents fault in many ways for these types of stats. Kids or the younger adults are soft and have had life far too easy.
