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.
The paper looked at nationally representative data from 2005 and 2023 to examine changes in young adults' experiences reaching major life events, such as moving out of their parents' house, getting married, and having a child. Researchers found a dramatic shift in the attainment of these milestones in recent decades.
The reason for this, according to the paper, is that more young adults between the ages of 25 and 34 are facing economic barriers compared with previous generations. Changing societal attitudes around family formation are also contributing to the sharp decline in the share of young people reaching what the U