Fewer young adults are achieving economic and family milestones typically associated with adulthood, according to a recent working paper from the U.S. Census Bureau.
According to the working paper, “Changes in Milestones of Adulthood,” almost half of all young adults in 1975 had reached four milestones associated with adulthood: moving out of one’s parents’ home, getting a job, getting married and having a child.
Five decades on, that progression has changed dramatically. The share of young adults that have followed the traditional pathway to adulthood has dropped to less than a quarter, according to the paper.
Well, guess I’m never gonna be an adult seeing as I had a vasectomy nearly a decade ago now. I did finally buy a house in my early 40s (well, I’m paying for it for the next 19 more years, but still).
Eh, mortgage on a home is good, especially if it’s at a nice rate. Although, I realize that whole idea is purely American.