AP Invents 50-Year-Olds Moving Home Story to Highlight 'Bad Economy'

Photo of Warner Todd Huston.

A recent AP story about 50-year-olds moving back into their parents homes because the economy is so bad is one of the best examples of taking anecdotal evidence and stretching it into a universal truth that I have seen for a while. Filled with the sadly common "many say" and all based on the tale of one person who moved back home at 52, the AP magically discerned a national trend. This is the sort of shoddy reporting that is geared for one thing and one thing only: to promulgate a political agenda.

AP business writer Emily Fredrix gives us the sensationally titled, "Last Hope in a Weak Economy? Mom and Dad," in which she nicely sums up her unsupported claim in the third paragraph.

Taking shelter with parents isn't uncommon for young people in their 20s, especially when the job market is poor. But now the slumping economy and the credit crunch are forcing some children to do so later in life -- even in middle age.

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Fredrix bases this claim on the story of just one person with the story of Jo Ann Bauer who got a divorce, lost her job and had to move back into her parent's home to get by. Bauer is 52 and her parents are in their 80s.

Naturally the AP story informs us that this is all because of the bad economy. But, if one really pays attention to what is really happening in the life of Ms. Bauer, they'll soon realize that her many bad choices led to her financial troubles as opposed to any troubles with the economy serving as the cause. In fact, the rest of the story hints that the people of which writer Fredrix is talking about have all fallen on tough financial times because of their own stupidity as opposed to the so-called bad economy.

While the AP passes off this story as some sort of national trend, there are no statistics proving the claim that so many American 50-year-olds are moving back into their parent's homes. We do, however, get vague claims by people who are saying they've seen it -- of course, people claim they've seen Big-foot, too!

Here is a particularly dishonest passage set forth as "proof" in the AP story.

Financial planners report receiving many calls from parents seeking advice about taking in their grown children following divorces and layoffs.

This is the sort of absurd writing that passes for "journalism" these days. But if you really look at this phrase, it is meaningless unless you just accept it as the truth on face value alone. The story, though, offers no statistics to buttress the claim. It does not say how many "financial planners" have "reported" this claim. It does not correlate where these financial planners are located in the country, either. All we get is "many calls" that are "reported" to the AP writer. It’s all hearsay and assumptions.

Then we get this:

Kim Foss Erickson, a financial planner in Roseville, Calif., north of Sacramento, said she has never seen older children, even those in their 50s, depending so much on their parents as in the last six months.

"This is not like, 'OK, my son just graduated from college and needs to move back in' type of thing," she said. "These are 40- and 50-year-old children of my clients that they're helping out."

OK, all well and good. What are the numbers to prove that these parents are helping their children at a higher rate than they used to? Are some areas of the country seeing this at higher rates than others? Are there any stats to show any of these claims? If there are, the AP sure as heck isn't sharing them with us.

Then we get one little hint of what could be happening that the AP writer does not explore even though it is probably more the true cause of the troubles than the economy might be.

Some of Erickson's clients are giving as much as $50,000 at a time to their kids, many of whom have overextended themselves with big houses or lavish lifestyles. And the sliding economy might threaten their jobs.

We now should consider if it is really the bad economy or is it the bad choices made by these children who "have overextended themselves with big houses or lavish lifestyles"? Obviously the later. Yet, the AP still wants to blame the economy instead of the bad choices and "overextended lifestyles."

Now we get to two other issues that the AP doesn't bother to consider with this badly researched and unsupported story. The first is proof of a change in financial situations and the second is any question of what the role of family is supposed to be in the first place.

For the first question the AP gives us some vague survey results that are not expounded upon or supported by secondary research or wider statistics.

A new survey by the retiree-advocacy group AARP found that one-fourth of Generation Xers, those 28 to 39 years old, receive financial help from family and friends.

The online survey of nearly 1,800 people ages 19 to 39 also found 57 percent believed they were "financially independent." But in a separate question, 33 percent said they received financial support from family and friends.

Well, OK. We see that a certain percentage claim they are getting help from family and friends here. And the then we wonder, so what? Is this an unexpected rise in numbers? How does it compare to the 1990s or the 1980s or the 1920s for that matter? Is it high, low, in the middle? Has there been any change at all from recent facts? Who knows? Not the AP it seems.

Lastly we must consider the second point I raised. What IS a family for in the first place? Has there ever been a time when the largest number of children left home to never, ever accept any help from Mom and Dad again? Should there even be that expectation? Isn't the help one can receive from family members, whether extended or immediate, what a family is for? Isn't it one of the jobs of family members to support each other when one member is in need?

So, if family members are helping each other out in times of financial stress isn't this a good thing? Is the AP against family members being there for each other in times of need, are they trying to say that families helping each other out is somehow a bad thing? Or is it that the AP would prefer the government to do all the "helping"?

In the final analysis, this story offers no proof of the claims made at all. But it does do one thing very well and that is the only purpose for this story. It gives an uninformed, unquestioning reader the distinct feeling that everything in America is bad today. And all this during a presidential election where news of a bad economy will help Democrats, too.

Imagine that.

(Image from davemanual.com)


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one sob story = national trend

I know a guy who just got offered a job with a six figure salary. So can I write an article saying, "many college grads are finding success in the supposedly slumping economy"?

Sure, candance. Salt it

Sure, candance. Salt it liberally with pharases like "some say" there are good jobs like this out there" and "there are those who say" you just have to be in the right place at the right time.

Will the MSM pitch that as a booming economy?

Ya think????

You forgot "experts

You forgot "experts say".

 

There is none so blind as they that won’t see. Jonathan Swift 1667-1745

Oops! My bad!

Thanks for picking up my slack! LOL

Maybe that was the norm,

Maybe that was the norm, but it isn't any more, in this atmosphere of "the government should help," not the family.

I saw a TV special a few years ago that nearly made my head explode. The unmarried mother had an unmarried teenage daughter who had a baby. They were living on welfare. The grandmother wanted the teenager to move out and get her own apartment. Why? She said "She's old enough; it's time she had a check of her own."

Not a place, a life....but a check.

Leaving welfare aside, kids are expected to move out, be independent, live their own lives. If they can't make it, it's the government's fault that the minimum wage isn't high enough. Everyone, upon graduation, should earn enough to have an apartment, a car, oh, and medical insurance.

They're not expected to help out their parents when they are elderly, either; that's also the government's job. And if the old folks have saved any money, they shouldn't have to spend it. Whatever money there is, should be saved for the kids, not spent on care in one's senior years....that's what government is for.

If a Liberal is elected President, I fully expect taxpayer-funded health care. And after that, I fully expect the next big push will be for free long-term care, so that Biff and Muffy can put their parents in a "home" and get on with their own lives.

PS I know someone, a single woman, who just moved back into her parents' house (both parents dead) with her brother, both in their 50's. Why? So that they could both save more for retirement.

That's family pitching in to help each other.

Warner

Warner,

This article is especially interesting to me because I used to work with the financial planner quoted in this piece, Kim Foss-Erickson.

I've already sent her an e-mail message to see how accurately she was quoted. I'll let you know after I speak to her. ns

That'll be...

That will certainly be interesting. Keep us posted.

Warner, just like with the

Warner, just like with the homeless, don't be surprised, if a Democrat gets elected in November, to find that this really isn't a problem any more; at least not one of a size that the MSM feel a need to report on.

Yeah

Yeah, if Barack the magic Negro (as Rush famously dubbed him) gets in, suddenly the MSM will find everything bright and sunny is my guess.

WTH... Well

WTH...

Well after-all....He's the Candy Man...and if anyone can do it for msm.. the Candy Man Can.

"Never murder your opponent when he is committing suicide." ~ W. Churchill

"Magic Negro" line came from LA Times, NOT Rush

WTH, the "Magic Negro" business actually began with an article in the LA Times.  Rush made fun of the Times with his parody set to the tune of "Puff the Magic Dragon". Rush has gotten a lot of grief for something someone else started, so it's important to correct that here.

When you put the clowns in charge, don't be surprised when a circus breaks out.

viking... I thank

viking...

I thank you.

Excellent point you are making here, I didn't even think about that just assuming I suppose everyone knew...assuming wrongly of course.

"Never murder your opponent when he is committing suicide." ~ W. Churchill

Setting the record straight

Glad to help...  WTH may have just forgotten for the moment, but others around here might have taken that error and run with it. 

When you put the clowns in charge, don't be surprised when a circus breaks out.

Actually that did happen to

Actually that did happen to Rush...nothing was said about the LA Times piece, (it was David Ehrenstein), but when Rush picked up on it and did the Sharpton parody, suddenly it became a terrible act of racism.

I've already had one "spirited" argument here with someone over that...that's why I let Warner's slip of the pen go...didn't want to get anyone riled up (no, not WTH) and have to go through all that again.

I didn't...

... realize the actual words "magic Negro" were in the L.A.Times piece that Rush was spoofing. I was aware that he was spoofing the Times (I was actually listening the day he began to create the whole thing), but I did not recall that actual words "magic Negro" in the Times piece. I had thought that it was Rush's embellishment on that part.

yes Warner

The LA Times coined the phrase in March 2007.

Well...

Well that part definitely slipped my mind.

Rush usually reminds

Rush usually reminds listeners beforehand about the parody and the reason for it's creation to begin with regarding the LA Times piece before playing... now that I think about it.

"Never murder your opponent when he is committing suicide." ~ W. Churchill

Media types and media hype

This story may be true for media folks. Most of them have lied so long the public caught on and quit listening/reading their propaganda. Since habitual liars wouldn't be smart enought to prepare for the future they probably don't have a dime saved up, so home to momma they go, and there will be thousands of them as fast as the media outlets are cutting back and closing down.

 

 

Old, Retired and glad of it.

Pride

I see and hear stories about 30 and 40 year olds along with their children moving back in with their parents. The parents that I know that let there children and grand children move back in with them do not brag about it.

 The question that I ask is what happened to these peoples pride? Did they ever have any? Are they incapable of any kind of foresight or financial planning. They always find something or someone to blame for their piss poor judgement except themselves. All they have to do is turn on the tube and they can choose from a long list of whom to blame.

 

There is also a missong concept to this story

As parents age, into their frail elderly years, many accept their children back into their homes as a significant resource for help and companionship. Also as a way for them to stay in the homes they love instead of going into a nursing home/elderly housing. In addition, if anyone has a clue about that nagging issue called the inheritance tax you know money bequeathed was taxed heavily. Some of that has changed with the Bush administration's help (unfortunately for my family too late to save the money my father worked so hard to pass to his children)..but with the anticipation of a liberal administration looming, I can only imagine that any inheritance, regardless of it's size, will be heavily taxed once again. That said, providing financial help to one's children during the "living years" makes sense.

 

Right now I have two very close friends who are consolidating their households with elderly parents, not for financial reasons, but for family reasons. They love their parents and want to spend their last years with them close by and in the safety of their loving arms. That is a beautiful thing.

"All great change in America begins at the dinner table" Ronald Reagan, Jan 21, 1981

Blame the divorce, not the economy.

"Financial planners report receiving many calls from parents seeking
advice about taking in their grown children following divorces and
layoffs.
"

So, some people moved back in with their married parents because they got a divorce and lost their jobs? What has that got to do with the current state of the economy?

I think the message given here is that people should remain married and actually live up to their obligations. Break your marriage vows at your own risk, but don't blame others for your own self-created misfortunes.

Both Sides of the Coin

Two examples, one from each side of the story. 

1.   When I was a young adult, my father helped me buy a car at age 20, and I haven't needed his help since. It's been available, and offered, but I figured that I had to stand on my own two feet.  Now that my son is getting started, we gave him somewhat more assistance, but he's 23;  this won't be a long-term thing. 

2.  My neighbor's grown daughter has moved back in with her three children (of three different fathers). She's been in and out of drug rehab two or three times, and  it doesn't seem to work for her. 

I've never used drugs; I'm OK.  Drug users never seem to be able to get it all together, and are constantly living parasitic lives.

Also sloppy: ambiguous shift

"Financial planners report receiving many calls from parents seeking advice about taking in their grown children following divorces and layoffs."

Seems to me that so-called journalists (and high school sophmores) like to try this tactic: let's set the focus on one 50-yr old, then throw in a general statement (out of context), and see if anyone catches the shift."

The shift here is that the statement I quoted does not cite the ages of the "adults" that financial planners have supposedly reported. So, while the story starts out talking about a 50-yr old, it slides into areas that could include 20-yr olds and everyone in-between.

But without accurate and meticulous citations, how are we to know?

Which begs the question: what does that "reporter" REALLY want us to know?

How to Spin a fact...

"Some of Erickson's clients are giving as much as $50,000 at a time to their kids, many of whom have overextended themselves with big houses or lavish lifestyles."

One way to look at this is from the perspective of the person receiving the money - they are in need.

Another is from the perspective of the person GIVING the money - that they have $50,000 to come to the aid of their child is pretty good, I should think!

So, how is having a spare $50,000 a sign of a bad economy?