Only time im aware of boomers moving in with kids is because of sickness, if its rampant where you are, it must be in the water.

 

I live in a small Military in Upper NYS, I am in the business to see foreclosed homes before the banks know there foreclosed, most are owned by Military families...........Seems odd.

 

We aint seen nothing yet. This is just the tip of the iceberg. We'll look back and call these the good old days. I think you're right about the boomer retirement plan, but I think that alot of their children won't have houses to put them up in. Things are going to get really ugly.

 

It would seem to be a move back toward multi-generational households. It was the norm for millennia, with a brief hiccup when lots of people had homes of their own or even multiple homes.

America had it's century in the sunshine, now we get to 'enjoy' the downward slope of prosperity where our standard of living is brought closer to the world average.

 

Well I'm set MIL already lives with us and I don't have any parents left

 

My dad left when I was 4. I wish him the best.

 

I am a Baby-Boomer [born in '59]. My employer booted me out and onto pension for being too elderly in 2001. I have been retired on pension for 12+ years.

We bought our BOL with cash, built our house and we are well on our way to making our farm self-sufficient.

I look around and I see other retirees, who largely have similar setups.

 

You are just a year younger than I. You also sound much like me except you have a pension, not sure if I will ever truly retire and I refuse to be part of the baby boomer selfish - self absorbed, materialistic generation.
From the U.S. Navy I believe you retired? I can delete that bit of info if you wish.

And you own a BOL / homestead, built your own house and have a self-sufficient farm and Use CASH?!

I hope you realize you are an extremely unusual baby-boomer, even inhabitant of this planet? :thumb:

 

Well, since there seems to be an awful lot of 40 year old Gen Xers still living in their parents' basements, it only seems fair.

This is not a dig on Boomer-Aged folks...

Of course it is, or you wouldn't even have mentioned them.

 

Of course it is, or you wouldn't even have mentioned them.

No,it is not. I mean what i say.

 

I agree with yappat in our line of business (landscaping) we have seen alot of people in their 40's and 50's moving back in with their parents. We built our 3 bedroom house so we would have two extra bedrooms in case our parents needed to move in with us. It's called the extended family. It's the way things were done for centuries and it worked I don't see any reason it couldn't work now.

 

Failed Ponzi schemes have ruined personal wealth and responsibility.

 

people can no longer afford wealth

they have to pay for Obama care so Sandra fluke can get condoms

 

Thank you! I was afraid no one would be creative enough to find a way to blame the housing bust on Obama. I feared the mere fact that Bush 1 and Bush 2 presided over the debacle and that President Obama was in no way a factor would somehow hamper the hatred.

 

Live long enough to become a burden to your children. Then of course, there is always Soilent Green or Old Roy. A better choice though might be to register Democrat… some day they just might means test the voting roles to see who is deserving (warning: cynicism). :

 

Good thing that my parents have yet to spring this one on us. First of all, I don't have a place to put them and my brother's marriage would be over if my mother (specifically) moved in with him. Secondly, I can only take care of one physically challenged adult, and I've got one already. My mother has done nothing to prepare for her retirement and is living like a pauper, but that's her own doing. She had plenty of time, AND, she made a fabulous living in her 20s and 30s and could have saved money. She didn't. It's not my problem and I refuse to take it on as my problem. I'll worry about what to do with her when she can no longer fend for herself.


EDIT: I should also mention that my Dad and brother are survivalists. I won't have to worry about Dad. He's plenty setup for his retirement and he's 71 tomorrow.

 

Born in '52, and can't even wonder what life would be like living with my kids.

Some of us from the 'Boomer' era understood the need to provide for ourselves after our kids were grown.

But I did buy an XBox, just on the off chance the boys might return to the nest...enjoy the basement.

 

It is not uncommon for children to invite/insist their elderly parent(s) move in with them for many reason: safety, inability to do house chores, inability to drive a car, spend more time together, or possibly escape neighborhoods that aren't what they once were. This is especially so after one of the parents has passed.

A guy I know had his mother move in about 7 years ago and it wasn't charity. Having grandma pass down her wisdom to the grand kids can't be all bad. All situations vary and while there are bound to be selfish cases as the OP described, my experience suggests a compromised balance between financial resources, physical capability and family concerns, vs. wanton disregard for responsibility.

 

It is not uncommon for children to invite/insist their elderly parent(s) move in with them for many reason: safety, inability to do house chores, inability to drive a car, spend more time with their grandparents, or possibly escape neighborhoods that aren't what they once were. This is especially so after one of the parents has passed.

A guy I know had his mother move in about 7 years ago and it wasn't charity. Having grandma pass down her wisdom to the grand kids can't be all bad. All situations vary and while there are bound to be selfish cases as the OP described, my experience suggests a compromised balance between financial resources, physical capability and family concerns, vs. wanton disregard for responsibility.

To be clear, I am referring to late 50's to early 60's-aged and able-bodied folks who are capable of playing golf and all-day shopping sprees. Of course, any family member that needed assistance would be more than welcome.

One of my neighbors has their parent's living with them after a foreclosure and it has worked out well since they have two small children and both work.

The passed-down wisdom is becoming less relevant these days. I find myself fixing things for people my parent's age that would seem to be a common sense thing that adults used to know. Besides some family recipes my inlaws couldn't pass down anything except their knowledge of soap-operas and As-Seen-On-TV gizmos. Same with my mother unfortunately. My father can fix anything. Can Grandparents too. They were a wealth of knowledge.

 

I am a boomer and I helped my kids get a college education, though I never had one. My kids still call me and ask for money and I srill give it.

 

When it's gone !



When the kids have spent all your money and you ask to move in with them, will you than be a Freeloader ?

 

Isn't that how it used to be long ago? They take care of you when you are young, and you take care of them when they are old.

I wouldn't mind my parents moving in with us. My wife parents on the other hand, not so much. (I have my reasons for that)

 

Isn't that how it used to be long ago? They take care of you when you are young, and you take care of them when they are old.

I wouldn't mind my parents moving in with us. My wife parents on the other hand, not so much. (I have my reasons for that)

It is how it was back in the dark ages, yes. But, I have to question why would you ask that, and sort of have a tone where you find it incredulous that we would eve be discussing this, yet in the same post admit that you would not want your in laws living with you. Admitting that you have a reason for that.

It's like that for a lot of people. In today's world, parents living with their children in their old age isn't a requirement, anymore. Or shouldn't be. With all the opportunities that were handed to baby boomers on silver platters, there is no reasonable excuse for not being prepared for retirement except if you were incapacitated somehow.

I, for instance, have a mother who was barely a mother to her own children, she treated her own childrens' spouses as second class citizens, bad mouthed her grandchildren's fathers to their faces and has alienated every friend she ever had by using them. Why would I want to take that into my own home?

I realize you didn't really call anyone out, but, I have to point out that you gave an indication that your in laws were not welcomed, so I have to wonder why the question??

 

I think it is across the board and not just boomers. I've been seeing a huge increase in people my age moving in with parents and parents with kids.

 

I am a Boomer, 57. I am disabled retired. I took care of my wives mom for about 8years.
She had an income of 700.00 or so. Enough for her addictions and so forth. Took her to all of her appointments, shopping ect. Now she lives with another daughter in MT. who charges her to go to chemo,store or whatever.

I would no way in hell move in with any of my kids. I am content with just the wife and me.

 

How is anyone born in the mid to late 50's a boomer. Isn't a boomer from the mid to late 40's from soldiers returning home from WWII and re-populating the country. Not a barb just curious.

 

No problem, SeaBee, it's a wide ranging issue that is certain to stir a bevy of personal accounts and personality differences, as you've already seen. As I mentioned before wanton disregard for responsibility is no reason to co-dwell. Falling down stairs twice a week, is.

Have a good day.

 

Personaly I don't know anyone who has moved in with their kids. Except my 88 yo mother and she did'nt stay long before she had to go to a home.
Based on our relation ship with our 45yo kids that's the last place we would likely go.
I f they would get their act together we would be in much better shape. You know how it is with kids! They call you crying that they can't make the rent on their apartment, from the nail salon, after they ****ed away the divorce settlement. Or from their $400 Iphone to complain how tough it is these days to make 6 figures selling subprime mortgages to folks who will never be able to pay, from the vet's office where they are treating her 13 year old boxer for gas.
Yeah, I know about those people. Sorry for the rant.

 

Prepping for it.

 

It's funny you bring this up. I read an article about just this thing a few months ago and it was saying it is occurring more now than it has in the recent past. Some of the tips it was giving was essentially to expand or buy a larger house, so you can go days or weeks without seeing each other. Think about it if you really enjoyed living with your parents you never would have moved out.

Not really trying to knock or justify anybody but if you look at the spending habits of the boomers it is not unrealistic to understand why few are financially prepared for retirement. The 70's was an era of stagflation and little wealth creation among the boomers. The 80's was a period of great wealth creation, spending and partying. Pensions were widespread and most thought they'd be taken care of in their old age. The 90's was a time when the oldest boomers started maturing and saving for retirement about the same time as the traditional pension started going away. The 00's was essentially a lost decade ending with the crash of 08, which seriously harmed the ability of the boomers to retire. Now the first of the boomers are retiring and many aren't really able to do it, so its no wonder some are opting to live with family.

I can see where financially it can be beneficial for both, but I would not be willing to live with either of my parents.

 

I pay for long term healthcare for my wife and me. We do not want to be a burden on our children who have families of their own.

 

Heck I would love to move in with the kids and be a burden. I just forgot to have any. So this Baby Boomer is going to simply be a drain on the taxpayers instead of family. Somehow I missed out on the easy wealth passed out to every BB according to the popular myth of the following generations.

My retirement plan is a cardboard box under a overpass in a resort location.

 

I went to a funeral the yesterday for a friends 80 something mother. I talked to several people who went to high school with my DH (around 61 years of age). One was living with her mom to take care of her in her old age (dementia), none were living with their children in their children's home.
Four couples had children spread from Main to California when we talked about visiting, they said rarely, let them come here: I am not the one who moved. One lady that was actually a bit younger than the rest said she was working in a diner kitchen and living in a travel trailer since her divorce (but not planning on living with her kids. Two couples had 30 something kids with spouse & family move in with them.
I also don't want to be a burden on my children but I have planned to the best of my ability to support myself. Why are the younger generation engaging in age warfare against the boomers? The boomers are like every other generation, we have grasshoppers & ants the only difference is there are so many in our generation it holds a magnifying glass to us and after all we did not choose which generation to be born into.

 

I went to a funeral the yesterday for a friends 80 something mother. I talked to several people who went to high school with my DH (around 61 years of age). One was living with her mom to take care of her in her old age (dementia), none were living with their children in their children's home.
Four couples had children spread from Main to California when we talked about visiting, they said rarely, let them come here: I am not the one who moved. One lady that was actually a bit younger than the rest said she was working in a diner kitchen and living in a travel trailer since her divorce (but not planning on living with her kids. Two couples had 30 something kids with spouse & family move in with them.
I also don't want to be a burden on my children but I have planned to the best of my ability to support myself. Why are the younger generation engaging in age warfare against the boomers? The boomers are like every other generation, we have grasshoppers & ants the only difference is there are so many in our generation it holds a magnifying glass to us and after all we did not choose which generation to be born into.

Social insecurity and other social programs mainly which (as it was stolen from you) must be stolennfrommthe next generation in turn.

You see, if you'll look you'll see that the amounted the theft continually increases, while the payout gets smaller and smaller (age keeps getting pushed back) along with more and more people depending on fewer and fewer payers.

And "some people" are indignant about what is "owed" them, and how they are "entitled" to it.
This Additiude tends to **** some people off.

Particularely when they know, that unlike the other party... They stand no chance of their stolen money being returned.