Fewer young adults are achieving economic and family milestones typically associated with adulthood, according to a recent working paper from the U.S. Census Bureau.
According to the working paper, “Changes in Milestones of Adulthood,” almost half of all young adults in 1975 had reached four milestones associated with adulthood: moving out of one’s parents’ home, getting a job, getting married and having a child.
Five decades on, that progression has changed dramatically. The share of young adults that have followed the traditional pathway to adulthood has dropped to less than a quarter, according to the paper.
“Boomers brag that standards set in 1960 unreachable by anyone today because Boomers ruined everything after they got theirs.”
Which generation gets the blame for the utter failure to address climate change and the rise of global fascism? Oh and theres this stuff too: https://www.theguardian.com/environment/article/2024/may/20/microplastics-human-testicles-study-sperm-counts
They get the blame because they caused this. If anyone also deserves blame, Millennials do as well. We’re just Boomers II: Electric Boogalo, setting up entire ecosystems and telling everyone that everything is great now, not realizing or accepting responsibility for the adverse effects, just moving on the next grift.
Why are millennials getting blamed for what boomers has caused? They suffered a lot after boomers and gen xers pulled the the rug from under them. We did not benefit at all from the fruits of labor from the last 2 gen.
We deserve blame for gladly accepting the Boomer mindset, and applying it to the tech industry once we came of age. Gen X honestly has been caught in the middle in a weirder way than we were, and because of how the timing of media development went, they never had a boom era that really applied to them in the same way. Many of them were raised in the economic downturn of the 70’s and the 80’s cultural and (dubiously calling this positive) economic boom and bust and 90’s boom and bust was either too early or too late for most of them. For Boomers it lined up perfectly with regular generational cycles to get kids that grew up in a similar culturally monolithic era.
Millennials have every bit the same sense of entitlement to cultural similarity, expecting everyone to know about and like the same 80’s and 90’s cartoons, movies, and video games - just like how the Boomers demand everyone just assume that the 60’s were the peak of human civilization - when Boomers were still kids or just graduating high school. This was facilitated by the Boomer themselves. We grew up scarfing their hubris and art and media and asking for seconds. We just did stuff that was stupid without thinking about it, or thinking through long-term repercussions, just like how Boomers put all our food in plastic. We didn’t learn that was bad and stop doing it. We just invented different BS scams to sell more crap made of plastic that is health snake oil. We pushed social media acceptance and use and abuse. Boomers and Millennials don’t do well with counter-culture until it becomes mainstream enough to be cool. Gen X especially and Y to some degree embrace it because the Boomer/Millennial cycles were out of sync for them age-wise. So the reaction to why do these people like this weird, brightly colored shit is to go the other direction.
The the Boomer hubris is to tell us for 20 years that we’re idiots for not owning a home by age 21, but messing up the housing market over and over again. And we just sort of brushed it off, like “oh, well, it’s fine, I’ll get around to it. Mom and Dad say it’ll be OK.” We didn’t think for ourselves until it was too late. We didn’t think. We didn’t protect harm to Gen Y. We didn’t see the lessons and learn from them because we were too jacked up on pixie sticks and Jolt cola to see what was happening.
There are some positive parallels - for example, we grew up at a time when computers were new and so many of us are comfortable using them and fixing things and getting under the hood metaphorically. Boomers grew up as cars became widely available and affordable as status symbols, which is why many of them spent their lives comfortable with changing the oil themselves or replacing the spark plugs. But it still just confirms the connection between the generations.
Every generation after Adam Smith has had a hand in the destruction of the next. Every generation after Marx and Engels has had both hands in that destruction.
Well, if the fucking silent generation would retire from congress already, god damn it
In 1960 the US minimum wage was $1.00/hour and the price of a home averaged $11,000.00
Two kids could graduate high school and move into their own home the next day, and have the place paid off in less than a decade.
To put it In Perspective, in 1968. A person made about 6 grand a year houses were 12k. So twice the income. Now? Mean houses prices are around 400k. Income is around 66k.
There is no comparison. Today’s kids are financially MUCH worse off than we genxers
Effectively, someone would have to be earning over a million dollars a year in literal wages (which virtually no one is) in order to have the equivalent buying power that someone earning a couple bucks an hour did in the 50s/60s. And that level of buying power was considered an appropriate wage for literal child workers…
And yet old folks complain “no one wants to work anymore”. Yeah, maybe thats because were grown adults with a tiny fraction of the buying power you had when you were 12 and bread cost a nickel
Old folks don’t complain and say that.
Conservatives do
Back when I was a wee lad growing uo in the mean fields of rural new england, the conservatives in power were loud and powerful. And older. Boomers and the their parents.
But they were also richer, and like any other rich powerful elitists, they blamed the poor people for their greed and unwillingness to pay
So of course old people were demonized for saying it was the kids not wanting to work. Wasn’t. It was the elite.
There’s more to it. Including the pretty standard past fact that people usually become more conservative as they age ( though i see that shifting as I age),
Buts its not old people its the musk and trump and Zuckerberg, etc…
The older people I know who vote Democrat complain all the time about how expensive everything is these days and nobody can afford anything.
The bullshit “Nobody wants to work” narrative is absolutely pushed by conservatives.
Thank you friend. Your are seeing truth.
Its class warfare at its most insidious
There’s more to it. Including the pretty standard past fact that people usually become more conservative as they age ( though i see that shifting as I age)
This one is absolutely bullshit tied to the accrual of wealth. People don’t become more conservative as they get older, they become more conservative as they start to benefit more and more from the system, as was the norm up until about Gen X. People being worse off than their parents were at the same age absolutely has shifted the political leanings of generations (there’s also the fact that each successive generation leans more leftist than the previous due to simple exposure to people and ideas that are different from you, but that’s another topic).
I’m reminded of the wonderful video that the beautiful talking skull Shaun did about Harry Potter and JK Rowling a few years back. Specifically, the part about how you can watch her political stance change practically in real time as the books go on. The books start out raging against the machine, but as she began to gain wealth and benefit from that machine, it shifts towards supporting the machine until at the end Harry becomes a magic cop defending all the issues that were criticized in the early books and nothing fundamentally changes in society.
You’re young. You also can’t read. Because I also said that’s changing.
Now continue feeling good about not knowing what yoyr talking about.
Most Conservatives aren’t wealthy. Go ahead. Look.
It probably wasn’t clear, but I was agreeing with you but expanding on the point. Because the science says that there’s no correlation between age and leftists becoming more conservative and never has been, but there absolutely is with accrual of wealth. In the past, these were largely the same thing. That’s why it seems like people aren’t becoming more conservative as they get older anymore. Because the paths to wealth have largely disappeared.
And of course most conservatives aren’t wealthy, but if you look at them for just a short time (especially in the US), you’ll see that they don’t think of themselves as poor - they’re just “temporarily displaced billionaires” who will make it big any day now and then they’ll own the boot rather than be squashed under its heel. Or they’re just bigots. There’s always that option.
That’s why these people need distractions, culture wars , so they don’t realize it’s class warfare
Who is upvoting this shitty math?
2/hr in the 60s is equivalent to 46k/yr today by CPI
Keeping it to half of median housing cost would mean we need ~150k/yr.
Where you pulling a million from?
While I get the sentiment, this is serious hyperbole
Its really not hyperbolic at all.
In 1958 child laborers were paid $1 per hour, the minimum wage at the time. Assuming that child worked 40 hours in a week, they would have made a little over $2k in the year. Relative to the GDP of the united states at the time (about $480B) that would equate to making over $1M per year today. Therefore, everyone currently making less than $1M per year (pretty much everybody) has less buying power than the average 10 year old child laborer in 1958.
With this in mind, its easier to see how inflation doesnt tell the whole story. That $1 minimum wage might equate to $12 today, which is higher than the federal minimum wage and the state minimum in about 25 states. But even if the minimum wage were brought on par with that base metric (which again was considered the appropriate wage for literal children), a person making $12/hr would have absolutely no buying power relative to a minimum wage earner back then. To be precise, it would be less than 2.5% of it.
It’s not just Gen Xers, speaking as a millennial, I bought a house with my wife in 2015 that was just over 2x our combined income at the time, which was not very high as we were both recently out of school, and we refinanced in '21 for a 2.7% interest rate. Out of control home prices nationwide coupled with high interest rates only hit after covid
I appreciate the insight as I’m a bit older and can’t look at it from that vantage. , but I’d ask if it wasn’t always going to go up again after the 08 bubble.
But I’m not economist. Just going off memory, so file this under “could be?”
I’m a millennial. Bought my house in a rural location for $70k at 3% interest in 2018
Due to the out of control housing market, it’s now “worth” $150k
This market makes it impossible for younger generation to have a chance.
Anyone buying a home in 1968 is not an Xer. That’s a birth year.
Ate you just trying to be rude?
The poingvisbits the elites. Thats facts. Its not an age thing. Hell it ain’t even really a poliyics thing. Is the elite holding you down and keeping you arguing with other poor people. If is what it is
The economics of it have shifted over time. If you were born in 1968 you might have graduated university into Black Monday, and finished grad school in time for the dot.com meltdown. I did. Those are far from the boomer like conditions of the 1960s and 70s.
Graduated university? Dude. I was waaaay too poor for that.
- Having a child
Oh fuck off, I have very consciously decided NOT to have a child. In my own lifetime, I will see the agrinomic sector completely fail due to runaway climate change. I will see actual resource wars. Why the fuck would I have a kid
I’ve consciously decided to let my siblings have all the kids for me. It’s going great! Lol
It’s called kin selection, basically you help your related’s offspring and to pass on similar related genes, assuming you are also helping them
Why the fuck would I have a kid
To help pay for your retirement.
I know that was a rhetorical question, but regardless, here’s the answer. Eventually people get old, and it’s generally good if there are enough younger folks to pick up the slack when older folks really can’t anymore.
Our society is essentially a house of cards. If there suddenly aren’t enough supports remaining at the base, those higher levels might start to collapse, and that tends to take the rest of the structure down too.
retirement
That is the most selfish and hateful reason to have a child. Your children are their own person, not your retirement insurance. If this is the typical breeder line of thought, no wonder there are so many abandoned elderly folk.
It’s also outright counterproductive if we see large increases in unemployment due to automation (including, but not limited to AI).
Ok, so first off, I was really talking about social security here, (though it really doesn’t matter either way). You can call it hateful or selfish, but it’s really just a mathematical issue, morality doesn’t factor in. The fact is for Social Security to work at a national level, you need people paying into it for people to be drawing out of it, that’s the whole system, that’s all it is.
You may have heard that people are growing increasingly worried about social security, as birth rates are down and there’s a growing fear that we could end up without enough people paying into it for the system to remain viable. So what’s the solution to the problem? How do you balance that equation? You have more babies, that’s the entire solution; it’s not rocket science, it’s arithmetic.
But hey, besides social security, there’s the personal angle too. This is probably what you were thinking about. Some people might expect their kids to help support them in their old age. Is this line of thought immoral and selfish? [Spoiler] Of course it fucking isn’t! Caring for each other is just what a loving family does. You do realize that the whole “help support me in my old age” request is a request, right? Your children are much more likely to do that if they feel that they’ve been loved and cared for and supported over the course of their lives. Just to say this again, this plan relies on caring for someone for an entire lifetime, not a small commitment, that’s a necessary condition for your kids to care for you in your old age. Meaning, nobody is trapping children into being their retirement plan, this isn’t like “one simple trick to guarantee an early retirement”. Honestly though, having children is an excellent way to acquire reliable insurance, as the best insurance a person can have is having other people who love you who can help you, after all, that’s the only reason any of us survived childhood in the first place.
TLDR: If you want retirement insurance, have a kid. It’s the loving thing to do and it can support others as well as yourself.
Yeah, so. Here’s the thing. I lived through a social security collapse in a country (not the US, obvs) with a youth boom. Trust me, having lots of bodies around did not help when the oligarchs horded all the wealth to escape hyperinflation and there was no work to go around.
It is of no use to have over half of the population in productive ages (19 - 45) if more than half of them are unemployed. And guess what, it didn’t help the elder either as they were the first casualties of a collapsed healthcare system. We had an abandoned elders crisis, along with several other crises, admittedly.
But I guess my point is, not even at a macroeconomic scale is having children any form of insurance. I know myself, as the cousin who have had to provide end of life care for more than one elder relative. Whom, I should point out, had way more children than my mom and dad, yet I was the only one with enough compassion left to care for distant relatives when their own children wouldn’t even shell out spare change to pay for food.
having lots of bodies around did not help when the oligarchs horded all the wealth to escape hyperinflation and there was no work to go around.
Ok, but corruption is a different issue. I don’t disagree that corruption and hyperinflation can make a social security system collapse. But simply not having enough money will also do that. So, either of these conditions would be enough to break the system, which means you do need both of these things under control to make it work. And it seems that we agree that letting that system collapse is a bad thing. With that in mind, I maintain that having kids is still a necessary condition to make the system work.
Of course, the orphan crushing machine needs more children to keep working.
Removed by mod
Oh you know, proliferation of the species etc.
I’m sure you’ll be annoyed at this answer but I mean ask stupid questions, get stupid answers. You are well within your rights to believe it but not to push it as fact.
Fuck off
Can’t handle the truth huh? Who would’ve guessed it.
This article is not particularly well written, but the four milestones they mention are: 1) moving out of one’s parents’ home, 2) getting a job, 3) getting married and 4) having a child. The fifth one seems to be the completion of education.
Thank you! Headline said 5, took to the end of the post to only show 4 with no mention of the 5th one. I almost thought it was written by AI.
1 it was too expensive to move out and honestly without the added income I provided my parents would have lost their house on multiple occasions
2 I got one the fall after I graduated
3 this one took awhile
4 lol no. Never. Children are the worst. I should know, I used to be one.
Annoying that everything is written in clikcbait style these days. Why does it say “these 5” and then only list 4? was college the fifth, the one that’s still happening? (thank god)
If you have to ask what the 5th one is, you cant afford it.
I’m assuming that it’s “buying a home.” It’s sort of redundant with “moving out of your parents’ home”, though you could accomplish the latter without the former.
What about let people live however they want? I live in a village near bigger city in Poland, and a lot of people just stay home with their parents, because they have big houses, and there’s no need to pay for a flat as well.
Some people also don’t want to marry and/or have kids, and that’s fine as well.
Why are we calling these “milestones?” These are economic choices that were once expectations. Expectations that are no longer realistic, and can no longer be expected. These are NOT indicators of someone’s “success” at life.
parents’ home, getting a job, getting married and having a child.
Grouping those stats is pretty much clickbait as they’re completely different. This is the data from the paper:
In 2005, living away from parents was the most commonly experienced milestone, with about 84% of 25-34 year olds living independently. By 2023, this percentage declined to 81%. Labor force participation became the most common marker of adulthood, with about 86% of young adults reporting being in the labor force in 2023. The share of young adults who completed their education by attaining a high school or college degree increased by 9 percentage points between 2005 to 2023, from 74% to 83%. Family formation milestones, on the other hand, were experienced less often. In 2005, about 62% of young adults had ever married, a share that declined by 18 percentage points to 44% by 2023. Similarly, the proportion of young adults who lived with a child in the household decreased by 16 percentage points from 55% to 39% over this 18-year period.
Which shows that: yeah, most young adults have a job and most young adults move out of their parents’ home. It’s really only the family formation milestones that are down. (Who can blame us though, in this economy)
No children here with how fucked up things are. Only downside is no clue who will take care of us when we get too old. Maybe Winchester or Smith and Wesson…
I don’t need anyone to take care of me when I’m older. I decided that my retirement plan will be extreme sports. Base jumping? Wing suit? Steel toeing cops in the nuts? So many thrilling choices! Whatever happens, happens.
Gotta be thorough about it. Full body paralysis would be a suboptimal outcome.
Ideally I would have a wing suit and I would do a loop de loop into the side of a mountain. I’ve been fortunate enough to have had the time to reflect on good memories in my life and I want to go out living purely in the moment.
But as with all plans I’ve ever made it life, it most likely will not happen. I’ll go out in a completely unexpected and unplanned way. Probably in a ridiculous way too. Sadly it won’t be a story I’ll be able to share that time but that’s just how it goes.
Yeah, I’ll just chase the dragon off into the sunset when it’s my time
I just hope MAID is a thing society is okay with then
As I say, somebody’s getting a blowjob on my 60th, and it’s not gonna be me.
I wonder why? Is it the rise of fascism?
Multi-generational homes are in vogue again! There, positive spin.
Honestly, it might be the only way to build wealth over the next 20 years.
Well, guess I’m never gonna be an adult seeing as I had a vasectomy nearly a decade ago now. I did finally buy a house in my early 40s (well, I’m paying for it for the next 19 more years, but still).
Eh, mortgage on a home is good, especially if it’s at a nice rate. Although, I realize that whole idea is purely American.
Getting married and having a child is not a milestone of adulthood. Being in a healthy relationship is though. You don’t need to be married and have a child to be in a long term healthy relationship.
Kids and a wedding ring are quantitative things they can measure externally. I bet, back when this list was first pulled out of someone’s ass, that was all they thought about whether a relationship was happy or not.
We know better, now.
My dad had those 4 things, too, and then one day his wife left him. If we measure ‘success’ against this criteria, he’s failed. I can see how this mindset makes one reluctant to leave a marriage or not have kids, and I can see the pressure of competing with the “Joneses” can be a stressor.
I’m glad we know better. A divorce is not failure: it’s harm reduction. No kids is not a failure: it’s a decision about finances and goals.
I get that some people - false consensus or not - think that everyone generally wants kids etc, but grading people on how they measure up to the Cunninghams is simply unfair.
And we could do with a lower birthrate anyway, once we find how to do so without ruining our economy.
Hm, so staying in all day and wanking isn’t on the list?
Yeah, well most young adults wouldn’t make the mistake of cancelling the Late Show with Colbert Colbert.