>>360956>A better question is why are so many millennials not leaving home?Well, at least in the USA we've had an aging population for a while, and an aging population has different priorities in a market and in government.
For example, cars in the USA have been tailored largely to the older generation, and older people have more savings and can afford more. So in the 80s into the 90s and 00s the market for the supercheap economy car shrunk and cars got more expensive. Also, all these old people have pushed for increased safety standards in cards which make cars heavier and more expensive to produce. That works for them, but they don't remember buying their cheap metal box in their 20s and how important that was to them at the time. In recent years this has been getting slightly better as car companies have been pushing to really lower the entry price with cars like the Nissan Versa and Toyata Yaris.
Also when you look at building codes and processes for getting approvals. Back in the day you could buy a cheap starter home with the intention of building your own garage after a few years and then maybe adding to your house when you had children. Now? My god building permits can cost you exorbitant amounts and take huge efforts and they will even deny your planned build for all sorts of reasons.
Financially, it literally makes more sense to take on a huge mortgage for a house you're planning to "grow into" than getting a more modest house that you will expand to your needs.
So on one hand you have a generation that is facing an economic reality of shit is stupidly expensive and it "makes sense" to take on an irresponsible amount of debt, and on the other hand they don't want to give up their very high standard of living like 500+ dollar cell phones and macbook pros they get while living at home. Why tighten your belt and go thru the pain of trying to make it on your own?
