A recent New York Times piece discusses “a new period of life,” where young adults from their twenties to early thirties have not yet reached the traditional milestones of adulthood.
From the Obama administration’s new rule that allows children up to age 26 to remain on their parents’ health insurance to the large increase in the number of women older than 35 who have become first-time mothers, social scientists say young adulthood has undergone a profound shift.
In the past it was understood that by age 22, people would have completed their education and would be ready to support themselves. This is strikingly no longer the case. People are taking longer to complete their educations and so continue to rely on their parents financially. “Adults between 18 and 34 received an average of $38,000 in cash and two years’ worth of full-time labor from their parents, or about 10 percent of their income...” Today, marriage and parenthood are considered lifestyle choices, rather than mandatory steps in reaching adulthood.
Check out this interesting article to find out more on the effects of the “stretched-out walk to independence.”
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