Decades of rising housing and tuition costs have young adults delaying milestones

, entering adulthood looks a lot different for Millennials and members of Gen Z than it did for their parents and grandparents.

Fifty-six percent of young adults ages 18 to 24 lived with their parents in 2023, according to the latest Census data. To put that in historical context, toward the end of the Great Depression in 1940, 48% of adults ages 18-29 lived with their parents.“Gen Zers say that they’re most likely to delay buying a car because of their student debt.

About one in five in both generations, Gen Z and Millennials said that they had delayed getting married and or having kids because of student debt. We know that this is a big deal that’s affecting many aspects of people’s lives.are frequently cited by young adults as a reason for delaying marriage: More than half of unmarried Millennials in a Credit Karmalast year said they don't want to get married until their finances are in order.

“Inflation has been an issue not just the past couple years. I mean, it’s gotten a lot of headlines the past couple years, but really if we go back decades, certain costs have risen much faster than wages for decades now. I’m thinking of things like higher education very notably," Rossman said. “Buying a house, you know, home prices have gone up way more than the overall rate of inflation and also way more than wage growth the past 20, 30 years.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Usher’s Halftime Show United Gen X, Xennials & Millennials Last NightNo matter which team you were rooting for, multiple generations were rooting for Usher's Super Bowl halftime show and it's nostalgic 2000s bops.
Source: ScaryMommy - 🏆 116. / 63 Read more »

The Plight of Millennials: Challenges and OpportunitiesMillennials face financial challenges and opportunities in today's society.
Source: cnnbrk - 🏆 393. / 55 Read more »

Wallet lost in Salt River found decades later by Mesa dermatologistIn 1995, a woman visited Arizona with loved ones, and during that trip, her wallet went into the Salt River. It was presumed lost forever, but decades later, a dermatologist in Mesa managed to find it.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »

End of an era: Burris Farm Market to close after decades of fruitful serviceLocal landmark Burris Farm Market has announced their imminent closure in a Facebook post:The Burris Family has been farming and running our business here since
Source: mynbc15 - 🏆 262. / 63 Read more »

Colorado Has the Most Minor Political Parties in Decades — Meet the Newest OneThe Forward Party just became the state's eighth official minor political party.
Source: denverwestword - 🏆 315. / 61 Read more »

Gen Alpha Media Habits Shift to Privacy and IntentionalityGen Alpha kids are protective of their personal data online and enjoy media that allows them to control their experiences with content.
Source: Variety - 🏆 108. / 63 Read more »