Young Women Make Economic Strides As Young Men Fall Behind In US

Owen Stevens
April 22, 2017

The report shows that young adults think educational and economic achievements are milestones of adulthood more important than marriage and parenthood, which 11.5 percent and 10.4 percent of young adults said were "extremely important", compared to 61.5 percent who said the same of completing formal schooling and 51.5 percent who said the same for being employed full-time.

"Why are there geographical differences in young adult living arrangements?" the Census study asks.

In a drastic demographic shift largely fueled by staggering rent costs, more young adults in California and nationwide are living at home with their parents than they were a decade ago. "This figure represents about 2.2 million 25- to 34-year-olds", the report said.

The study concluded that millennials are much more focused on being in a good place financially before settling down and taking on more responsibility, such as homeownership.

They say life isn't a race and if it is, maybe those who take it slow and steady, will be the real winners.

That's not the only change in the young adult (18 to 34 years of age) population in the United States.

So what's changed between then and now?

An even more radical change is the refusal of young people to get married. Employment has become specialized to the point that graduate school is nearly a necessity for finding a job after college that would allow a young adult the independence to live by themselves. "Today, not until the age of 45 have 8-in-10 people married", the report found.

Jonathan Vespa, the author of the report and a man perceptive enough to acknowledge our sweeping individuality, told the Washington Post: "It's hard to say that there's one experience for young adults that's capturing how they're all doing". A mere ten years earlier, in 2005, the majority of young adults lived in their own household, which was the predominant living arrangement in 35 states.

Dr. Steven Cunningham with Husson University believes the last recession really woke some people up - showing just how important education is compared to some of the other milestones.

The one area that's affecting everyone in the family is the living quarters. In 1975, just under half of women aged 25 to 34 were working, and only 18.4 percent had at least a bachelor's degree. It feels like every few months, some new milestone on this front is reached - in May, for example, Drake Baer wrote about how according to Pew, for the first time ever, more young Americans are living with their parents than with their long-term partners.

A closer look at the numbers, though, reveals a gender divide - with young women making economic strides and young men falling behind.

What is a millennial anyway?

Millennials are shunning marriage and children in favour of education and a career, a stark contrast to the generation before them, a new report suggests.

Other reports by VgToday

Discuss This Article