It will require a stake to reach your dreams, as well. One example of how this analogy is now playing out again in our present culture can be found as close as at home…or in the home of someone you know—young adults still living at home.
You see, it also requires a stake for a young person to strike out on their own—leave the nest, if you will. And the size of that stake just keeps growing, especially if your dream is to live alone.
The amount of the stake necessary will depend a lot on where you live. In a city like San Diego or San Francisco, rents are crazy expensive. So, rent and deposit alone might run a new 49’er three or four grand, if not more!
And, then, there are security deposits to get the utilities turned on, all the trappings of life such as pots and pans and dishes and furniture and towels and dish soap and shampoo and conditioner and…well, really, the list goes on and on and on!
Leaving the relatively low-cost world of parent-provided housing can cost five grand—easy!
That’s the stake and, as I said, inflation is steadily driving up the cost of that particular dream. When I moved out of my parents’ house, it was to move into a one-bedroom apartment with two friends. We shared the costs of rent and utilities; any food brought into the house was fair game.
Of course, rent was a lot less back then but so were wages. We managed to scrape by but the living was hardly luxurious. But as wages lose ground to inflation, as they have for a couple of decades now, and the amount of money needed to fund a stake goes up, more and more young adults are unable to make the leap into independent living.
And, as time goes by, one day they no longer fit into the forgiving category of “young person.” At that point, they are just someone, not so young, still living at home. Look around…this is no longer a phenomenon and it has gone past the trend stage; it is becoming the norm.
And, so, here we are, yet, again…back to the future! Welcome the New Forty-Niners!