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Study Finds Generation Y Holds Off On Marriage and Family

According to Fox News, a study conducted by Teresa Swartz of the University of Minnesota found that Generation Y group is not a bunch of slackers, just late starters. Parents have questions why their young adult children are not starting real careers of families, but the new research suggests the kids turn to parental support in times of difficulty and remain dependent by their early 30s. This is different from the mid-20th century when parents experienced their children becoming full-fledged adults with careers and families by their mid 20s.

A 2009 study by the Pew Research Center found that 13 percent of parents with adult children said that a child had moved back home over the past year for various reasons, including recession-related job loss and other reasons. A new data from the Youth Development Study followed a group of individuals from 1987 to 2005, and had students and parents fill out a questionnaire every year or two. The survey study found that those participants, who turned 32 when the last questionnaire was submitted, had a heavy dependence on their parents.

Most of the participants launched into adulthood by their 30s but about 15 percent still received parental aid, the results showed. Some of those individuals choosing to start families in an older period of adulthood expressed a desire to spend more years attaining higher-level degrees or pursing low-paid internships in order to advance their careers. The current market is more and more dependent on a highly educated work force, which may lead to adults putting off marriage and children in favor of a stable career. It is not so much of a family market as much as it is a labor and housing market, Swartz said.

1 Comment so far

  1. David on April 13th, 2011

    I think that the Millenial Generation should begin in either 1977 or ’78 for 2 reasons:

    1. An online chart proves that the “echo boom” period REALLY began in 1977 when 3.3 million babies were born compared to 3.14m in ’76 (difference = 160,000).

    2. Studies show very big similarities between those born in the late 1970s and the babies of the ’80s (people born beginning in ’78 voted 66 – 32 for Obama). That is why MOST experts use somewhere in the late ’70s as the start date for this generation. I, myself, was born in 1979 and I have NOTHING in common with Gen X.