Fewer Young Adults Reach Major Milestones As Student Debt, Housing Costs And Inflation Delay Life Plans

Fewer young adults in the U.S. are reaching traditional adulthood milestones such as marriage, parenthood, full-time work, and living independently, according to new U.S. Census Bureau data. Nearly half of 25- to 34-year-olds met those benchmarks 50 years ago, compared with less than a quarter today, according to CNBC. Analysts say rising student debt, housing costs, and inflation are pushing milestones later, despite more young adults earning college degrees. The median age of first-time homeowners has climbed to a record 38 from the late 20s in the 1980s, National Association of Realtors data shows. Financial advisors note that many now delay marriage and children until achieving financial stability.