A recent Pew analysis reveals that young adults in the US are taking longer to achieve key life milestones compared to previous generations. In 2021, fewer 21-year-olds had full-time jobs, financial independence, lived on their own, were married, or had children, compared to those in 1980. However, by age 25, today’s young adults are closer to attaining full-time employment and financial independence. In 2021, only 39% of 21-year-olds had full-time jobs, while one-quarter were financially independent, contrasting with nearly two-thirds and over 40% respectively in 1980.
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Article Name
Delayed Life Milestones Impact Young Adults' Finances
Description
A recent Pew analysis reveals that young adults in the US are taking longer to achieve key life milestones compared to previous generations.
Author
Susan Jane
Publisher Name
CNBC
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