Studies reveal impact of COVID-19 lockdown
HOUGHTON, ONTARIO — Since the start of COVID-19 restrictions in March 2020, research facilities and even websites have had time to conduct, gather, study, and analyze results on the limits' effects on Michigan people. The reports are mostly unfavorable.
According to one study conducted by the internet gaming platform spider-solitaire challenge.com, 54 percent of Michigan residents said the game platform was used to keep them intellectually busy during the COVID lockdown.
According to Spider Solitaire Challenge, a study of 3,000 people was done to determine how many people have experienced the dreaded pandemic brain (see spider-solitaire-challenge.com/pandemic-brain), as well as how we're working to keep our wits fresh.
"Overall, 54% of Michigan residents believe they've had pandemic brain," according to the survey, "so if you've observed a deterioration in your cognitive abilities during this time, you're not alone - the national average is 48%." Furthermore, nearly one-fifth (18%) of respondents said they've made more mistakes at work in the past year."
The website reported that it had received dozens of responses from users over the last year describing how "our spider solitaire platform became an outlet to keep them mentally occupied during the pandemic." It got us thinking about how the epidemic affected mental health in the United States. We discovered that during the pandemic, 48 percent of Americans experienced a mental slowness, which we refer to as Pandemic Brain."
More than half of Michigan respondents (54%) described what the platform refers to as "Pandemic Brain," according to the research, which was broken down by state. Wisconsin's ratio is substantially lower, at 49 percent, and Minnesota's is even lower, at 34 percent. According to the study, one-third of those who answered to the poll believe Generation Z "fell the hardest during the pandemic."
ISoldMyHouse.com performed an unrelated survey that validated that belief. According to that source, one in every three young Michiganders has "boomeranged" back to their parents' houses in the last year, according to a study of 3,500. (poll).
ISoldMyHouse.com was founded in 1997 and is an online real estate website dedicated to assisting homeowners in selling their property while keeping the maximum money in their pocket, according to the website.
According to the survey, 35 percent of young adults (18-35 years old) in Michigan have moved back home with their parents, and 20 percent of Michigan parents say they are stressed by this. 15% of those surveyed claim they have had to postpone their retirement plans in order to support their adult children.
In comparison, the national average is 36 percent.
"Aside from free housing, the investigation indicated that 16 percent had gotten financial support from their parents," the paper said.
According to the real estate website, the average rent for residences has climbed by 7.9% in the last year. The increase has reached as high as 12% in some urban areas.
“This is a result of urban renters seeking greater living space (perhaps as a result of being trapped in their houses for months during the lockdown), as well as continued pressure from aging millennials,” according to the research. “In fact, this is the biggest increase in single-family house rent in over 15 years.” Furthermore, housing prices have risen by 26% in the last year, putting any ambitions of climbing on the property ladder in jeopardy, according to the survey.
"'Boomerangers,' 'Going Nowhere Generation,' 'Boomerangers,' 'Going Nowhere Generation,' 'Boomerangers 'Growing Ups'... 'Fledglings Who Failed'... "Whatever phrase you use to describe the growth of adult children returning to live with their parents," the report says, "it has resulted in considerable changes in living arrangements for everyone concerned." Many parents whose children have grown up have had to adjust their retirement plans and finances to accommodate having a full nest again, whether as a result of the hot real estate market, the pandemic-hit economy, or simply a desire to save money by returning back home."
According to the poll, boomerangers are relying on their parents in the majority of situations not out of necessity, but rather to enhance their own financial situation.
"Whether this expanding boomerang tendency is a good thing or a bad one depends to some extent on who you question," according to the research. "Is returning to live with parents a sign of failure or a wise financial move aimed to put young adults in a better financial position when they finally leave the coop?" According to the survey, moving back in with parents is a wise decision – two-thirds of 'boomerangers' (72 percent) believe so!"
On the other hand, the return of adult children to their parents has caused many aging parents to feel resentful. According to the survey, many parents are dissatisfied with the situation, with 20% of parents in the Great Lakes State saying they are burdened by having to accommodate their non-paying tenants. This is somewhat unsurprising given that 15% of respondents claim they have had to postpone retirement plans to support their adult children. Furthermore, one-third of parents who had planned to reduce the family home are now unable to do so. In fact, over one-fifth of respondents (22%) indicate they are considering upscaling to accommodate them.
Some parents may believe that the current boomerang generation is really a pandemic-fueled blip that will pass when restrictions are removed and the economy grows. However, the reality is that the pandemic exacerbated a pattern that had been growing for decades. Indeed, long-term economic independence has been dwindling, and fewer young adults are marrying. The real estate website's Kris Lippi attempted to explain the boomerangers' behavior, saying:
“Although moving back in with parents may appear to be a step backwards, from a sociological standpoint, what has occurred is entirely predictable: this generation of young adults has been priced out of the real estate market in a way that their parents have never been, and many have lost jobs as a result of the pandemic. Moving back live with parents has to be a good thing if it enhances young people's mental and financial health."
ISoldMyHouse.com is owned by Lippi, who is also a real estate broker at Get LISTED Realty. He's also a member of the Forbes Real Estate Council, a technology enthusiast, and a US Air Force veteran who served in the Iraq war.