Fox contributor: Millennials are in debt and live at home because they changed college majors and didn't fear their parents

Pro wrestler George 'Tyrus' Murdoch: “Our parents would call it tough love; that's outlawed now, so you can't have tough love with safe spaces”

From the July 27 edition of Fox News' The Daily Briefing with Dana Perino:

Video file

DANA PERINO (HOST): I need you to talk me through this. I think Generation X, of which you and I are a part, sometimes get frustrated with millennials because we just have a different outlook on life. 

GEORGE “TYRUS” MURDOCH (FOX NEWS CONTRIBUTOR): We grew up in fear of our parents, and couldn't wait to get out away from our parents.

PERINO: Do you think that's what it is?

MURDOCH: Yeah, I was, like, seven planning my escape, so -- and then you look at millennials, their parents were their friends, which is crazy. So why leave the nest if your BFF lives at the nest?

PERINO: Speaking of that, check this out, in 1975, most younger people were already living with a spouse in their own home. Fifty-seven percent. And in 2016, 31 percent of them were actually living with their parents, and of course then also you have the whole issue about whether they were single. In 1975, 33 percent were single; today, 57 percent are. And of course, you and I know young people, we've worked with all of them, a lot of them are single than before.

MURDOCH: I'm technically still young.

PERINO: I know, we are still young.

But also, there's also this, and this was what worries me about them and I think it worries their parents, is that they have a ton of college debt. This stat out of this place here, among millennials, in 1975 you basically walked out of college with a $2,500 bill. In 1989, 20 percent of families were in debt for it and 41 percent of families in debt for college in 2013, and it just keeps getting worse for them. I feel like maybe we have put lead weights on their ankles and asked them to run the marathon of life.

MURDOCH: No, I think we've put super cush pillows on their behinds, and allowed to them to sit and not want to leave the -- and one of the things I know, like, when I was in school, I had a football scholarship --

PERINO: Really? Me too.

MURDOCH: Really?

PERINO: I was on the speech team.

MURDOCH: OK -- and you -- and look where -- funny we're here together, football and speech go together like grenades and apricots. But we knew what we wanted to do. We didn't want to be broke, we didn't want to have to go back home, didn't want to go back to our town quote, “a loser,” so we worked hard and we got a degree. In some cases even if it wasn't what you originally your freshman year, like, I'm going to be a doctor, and then you realize oh that's a lot of classes and you've got to be really smart, so you know what, I'm going to be a PE teacher. So we get through college and we do our stuff and we get our loans. Nowadays when I talk to kids I'm like hey, what are you going to be, I don't know, you know, whatever, you know, I don't know, you know, whatever --

PERINO: It's a good imitation.

MURDOCH: And they continue to change their major and this that whatever, why they keep accruing these debts --

PERINO: Oh, that's why they have more debt.


MURDOCH: We had the adventurous spirit. We lived in fear, and we had these things called missed meal cramps, which means if you don't make money you don't eat. Our parents would call it tough love; that's outlawed now, so you can't have tough love with safe spaces. So they can quit a job because they don't think about the ramifications of their actions. “I just quit so I can spend more time working on my app.”

PERINO: This one lady, I read about her today, she's quit, she's moved to Hawaii, she's going to travel the world. She met another guy who he had just quit his job. They were visiting Nicaragua and now they're traveling to east Asia together. 

MURDOCH: And who's financing this little trip? What do you want to bet? I'll bet you a hat it's mom and dad.

PERINO: They're friends.

MURDOCH: Or credit card. Or they've gotten their student loans or whatever it is they're not paying, their responsibility, so it's easier to just galliavant around the country with no cares in the world. It goes back to the parents. It's not about millennials and Xes, it's about mom and dad, that time that the world -- that the United States stopped being parents, started being friends. Now you got a bunch of homesteaders in your house, traveling the world, not doing their stuff because you wanted to be their buddy. I have children, I am not their friends, I am planning them to leave ASAP.


Steve Doocy: “Millennials these days, they've had it pretty darn easy compared to past generations”

Fox chastises woman who spoke about struggling to live on minimum wage as delusional, entitled

Fox's Keith Ablow slams Obama's “agenda” for millennials living with parents