Friday, October 7, 2011

Economy leads young Americans to put adulthood on hold

The slackers of the 1990s are remembered as listless MTV watchers and basement dwellers who opted out of America's striving, mercenary ethos. Many young adults today look similar at first glance. They're in their 20s or early 30s, they don't have jobs or spouses, and many live with mom and dad. But that's not by choice.

This generation of reluctant slackers is eager to get started building careers, owning homes, getting married and having kids. They have put their lives on hold, though, thanks to the bleak economic climate.



This year, 5.9 million Americans between the ages of 25 and 35 lived with their parents, according to Census Bureau data. That's an increase of 25 percent from before the recession. And between 2007 and 2009, the share of Americans living in a multi-generational household shot up by 4.9 million, or 10.5 percent, a Pew study found.

The rest of the article is available here.

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