If you don’t kick your kids from the nest, don’t come crying about your retirement to me

I don’t know why people seem to think we care about problems they created by being gutless wimps.

The only other animal with any empathy for a “full-nester” is that albatross in Dunedin with the giant sheep-sized chick sitting on the hillside waiting for dinner.

A full-nester is the demographic group of parents with grown-up children (over 18) who are still living at home.  Research shows 62 per cent of full-nesters are providing financial support to their children, compared to 37 per cent of empty nesters.

Financially they’re a forgotten group.  Boomerang kids are the ones we harp on about.  They’re the 18- to 34-year olds living with full-nesters.  The plight of the boomerang is well-documented.  They suffer high student debt and are right in the thick of a very real housing affordability crisis.

There is heated debate on housing supply, capital gains tax, foreign ownership and putting the heat on those with unoccupied ghost houses.  Nothing much changes and our 18- to 34-year-olds continue to suffer.  Wealthier parents buy properties for their boomerangs or front up with a deposit.   

While most full-nesters have benefited from the housing boom, it’s only paper money.  Unless they own multiple properties it’s simply an expensive roof over their own head.  There are no cash gains unless down-sizing is an option.

We forget the housing affordability crisis has an impact on more than one demographic group.   Boomerangs coming home are a financial handbrake on the lives of full- and empty-nesters with knock-on effects as they age.

The housing affordability argument is finally reaching peak stupidity from the Media party.

Boot the kids out. They will find a way. They might have to do what you did…struggle for a few years.

There seems to be a well-developed entitlement mentality that, when you find someone, you have a right to buy an affordable house, 5 minutes from the CBD or in a comfortable leafy suburb. It never seems to enter these fools’ heads that their parents didn’t get where they are by whining on Twitter about housing affordability. They bought a shitter, did it up, sold it for more, upgraded…and they repeated it as many times as necessary until they got where they wanted to be.

No, not for the youth of today who expect everything handed to them on a plate.

Show some tough love and boot them out.

 

– Fairfax


Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

38%