Post #1689 by sykesix on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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The U.S. Census Bureau's working paper, "Changes in Milestones of Adulthood," reports that only 17% of young adults (ages 25-34) had reached all five markers of adulthood in 2023. This is a significant decrease from the 26% who had reached them in 2005. These markers are: Completing their education, being employed or actively seeking work, living away from their parents, marrying and living with a child (becoming a parent or step-parent). I found this shocking since the foundation of a thriving society depends on people becoming educated, working and forming families...

...I'm a centrist. I believe that the virtues and qualities which were the foundation of American success should be promoted. Unfortunately, liberals would scream blue murder if schools went back to teaching social virtues.

Don't be too shocked. The Case-Schiller housing index in 2005 was at 120. A high level. Now it is at 331. Housing is much, much more expensive than it was 20 years ago. That means people are living with their parents longer and delaying having kids for economic reasons. Teaching social virtues won't change that.

https://fred.stlouisfed.org/graph/?g=1M5Pj

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