Failure to Launch: Media Hype Epidemic of 20-Somethings Living with the Parents

Another exasperating storyline from the MSM: the economy may be just fine overall but its screwing over 20-somethings who have to live with mom and dad.

My colleague Dan Gainor wrote up a review of the media's reheating the tired old storyline:

In the November 26 “World News Sunday” story “Young & in Debt,” anchor Dan Harris talked up the story about twentysomethings “forced to move back in with their parents.” ABC and USA Today each told stories of young men and women facing mountains of debt from school, credit cards and more.

Rather than focus on how self-made those debt mountains were – up to $165,000 in the USA Today story – both reports dwelled on how twentysomethings were “struggling to pay” for their living expenses.

ABC’s John Berman introduced viewers to Todd Townsend, who moved in with his mother because of $50,000 in debt, "mostly from student loans." "But he's not living there because he wants to," Berman said. He then explained to viewers the horrors of that choice, including living in two bedrooms next door to one another and even sharing a bathroom. "You share a bathroom with your mother?" asked Berman incredulously.

Berman wasn’t finished. "Moving back home can provide some financial relief; you get free food and laundry. But there are some pretty serious drawbacks." According to Townsend, who didn’t like to admit he lived with his mother when he met women, "it's not sexy."

If it's that unsexy, why go on national TV so even more young women know the answer to "my place or yours?"

Gainor also documented how, in typical fashion the media highlights worst-case scenarios rather than twentysomethings who carry about the average debt load for their demographic.

Economy ABC USA Today