There are many things that people like to blame for why people stay single. Yet, society only looks at the convenient problems that fit a particular narrative. They rarely go deeper. In this article, you will discover the unexpected reason young adults stay single!
Discover The Unexpected Reason Young Adults Stay Single
Many people are wondering why people are remaining single. The usual problems are often blamed, such as pornography and social media for single men. In contrast, single women say that “suitors of the same age are becoming less desirable.” This is the usual way that the mainstream media presents the reasons why men and women are single:
- Men are slobs and stay inside watching porn, scrolling through social media, and never going outside because they play video games all day.
- Women are told they must have a high-value man because they are all princesses. Only a man who makes at least six figures yearly, with six-pack abs and a six-inch penis, will do. These high expectations are acceptable to society.
- These are two very contrasting messages. Women can have a high-value man, but all the men seem to be addicted to porn and playing video games according to society’s narrative?
The Real Reason Why People Are Remaining Single Longer
[bctt tweet=”There is a cost of living crisis. Most young people cannot afford to buy a house. Many Millennials have a low net worth.” username=”@secure_single”]
The rising cost of everything is a key reason people stay single longer. On top of that, most young people are in debt. You can’t precisely start thinking about dating or starting a family if you are still living with your parents or living with roommates. You don’t have the privacy of your own house, and it’s awkward to even think about getting it on when friends or family always enter, giving you no privacy. Hence, the importance of homeownership which a majority of Millennials have been unable to attain.
There is a cost of living crisis in the United States. This crisis has many layers, but unaffordable real estate is a vital part of it. Homeownership is out of reach of many young people. Homeownership is a traditional way to build wealth.
Further, homeownership allows people to have privacy. It enables a person to have one’s space and a place free from friends, family, or acquaintances. You control who comes in and out of your own house. Currently, most Millennials still rely on their parents for financial support. By extension, many Millennials still live with their parents.
Generations Failed To Launch
Due to the rising cost of everything and student debt, many young people have failed to launch.
Statista writes about the chart below:
“Gen Z and Millennial men in the United States are more likely to live with their parents than women in the same age group. In 2021, approximately 13 percent of women aged 25 to 34 lived in their parents’ home, compared to almost 21 percent of men. When looking at the age group of 18 to 24, the difference was less drastic.”
Statista’s graph may be too optimistic since many Millennials still rely on their parents for financial support. They are likely still stuck living at home if they rely on them for financial aid.
This is a consequence of being sent to college for at least four years. Many young people went into debt for an overpriced piece of paper only to work an entry-level service job where they likely won’t be able to pay off their student loans. They also delayed making an income which could have helped them by beginning to save earlier rather than going into debt for college. Young people were not taught the basics of finance because many parents left it to the education system to teach their kids and young adults what they needed to learn about topics. That critical topic is not taught in schools; many parents do not teach it to their children. This is a vital reason why many Millennials have a low or negative net worth that The College Investor highlights below.
The College Investor writes:
“You’ve heard the stat – the average net worth of millennials is roughly $18,000. Older millennials are doing much better, but they’re also approaching 40. Younger millennials typically have a negative net worth, and may be struggling to launch with the pandemic.”
You cannot live in the United States on $18,000. You cannot afford to pay ever-rising rent, health and car insurance, medical, medications, and grocery bills. You cannot even think about being able to save for a down payment for a house when you are struggling to get by and may still live with or receive support from your parents. Young people, especially men, will have no interest in dating since that is a significant turn-off to still live with and rely on one’s parents financially in your late twenties to mid-thirties. Yet, that is the reality for 64% of Millennials who still receive financial support from their parents.
What does that say about the economy, workforce, and financial habits if many Millennials have a negative net worth to an average net worth of under $20,000? Not good.
Finances, Not Social Problems Are Why Many Remain Single
Generations lost. Generations failure to launch. The real reason why people remain single longer comes down to finances. Young people cannot afford to buy a house. Real estate is in a housing bubble. Many are still living with their parents. Some even have a negative net worth. Many could not afford a starter home despite a housing crash.
Since they don’t have enough net worth, they cannot afford to buy different types of assets that can help increase their net worth. Types of assets that typically help raise an individual’s net worth are owning stocks, renting, owning a house, and owning real assets such as a business.
Many young people never learned any practical skills due to being sent off to college. They have been left behind. As a result, the demographics have changed, and people now stay single longer. The cost of living crisis only adds to many young people’s already poor financial standing.
The favorite things that people often blame are superficial issues for why people are remaining single longer, such as pornography to social media for men. There may be “less desirable” men for women to date as a combined result of having too high of standards, men being unable to afford a house to have privacy when it comes to dating, and most Millennials have a net worth of around $20,000. Finances are a critical aspect of life that was inadequately taught to most young people. They were not taught how to make money, despite the Internet creating massive opportunities for many to make money online.
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