There is a growing trend among today’s adults, especially the younger generation of workers we refer to often as Millennials, to put off life’s major milestones longer than their parents and other previous generations. People are leaving home to live on their own later, buying homes later, getting married and having children later in life than what one might consider “normal”. Why?
Stefanie O’Connell, in her piece for Personal Capital, argues that we have to look at the factors impacting Millennials’ lives and decision making. As a generation, they have graduated with more student loan debt to pay off than any other in history. In addition, they graduated into an economy that was in shambles, with fewer full-time job prospects to earn the kind of money needed to pay off those loans, much less build an initial nest egg for rent, down payments, and starting a family. For the full story, click here.