The traditional markers of adulthood, such as moving out of the parents’ home, completing higher education, entering the workforce, marriage, and having children, are no longer universally attainable. A new study by the U.S. Census Bureau found that fewer than a quarter of young people meet these standards. The shift is attributed to changing social norms, economic uncertainty, and a desire for financial flexibility.
Comparing data from 2005 and 2023, researchers discovered significant changes in the challenges faced by young adults. While they struggle to achieve education, jobs, and moving out, they are generally able to meet the basics of these markers. However, financial independence is a strong determinant for marriage and having children, with numbers dropping significantly over the past two decades.
The impact of metropolitan areas is also notable, with people in cities experiencing improved financial markers but also lower rates of marriage and children. The modern transition to adulthood emphasizes career and education, with marriage and parenthood often being delayed.
Financial independence is a key factor in marriage, with studies showing that cohabitation leads to higher wealth levels. However, this raises questions about whether financial independence is a barrier for singles who want to marry.
Research also reveals that lifelong singles tend to have lower satisfaction rates, experiencing elevated loneliness and reduced social support. Conversely, parents under 45 report higher happiness levels after having children.
The economy’s complexity presents challenges for young people seeking financial security. While studies suggest that attaining all five benchmarks relies on financial stability, the job market has changed, with people willing to accept lower-paying jobs for more meaningful work. Economic uncertainty is on the rise, and traditional pathways are no longer the primary goal.
As society continues to evolve, new challenges and benefits will arise. It’s essential to acknowledge that there is no one-size-fits-all solution, and individual choices will ultimately determine the outcomes.
Source: https://www.good.is/only-1-in-4-young-adults-meet-traditional-milestone-markers