Share of Affluent Students Who Borrow for College Doubles
In 2012, a record 69% of the nation’s new college graduates had taken out student loans. Graduates from more affluent families are much more likely to borrow today than they were 20 years ago.
Record Share of Americans Have Never Been Married
One-in-five adults ages 25 and older have never married, up from 9% in 1960. Shifting public attitudes toward marriage, hard economic times and changing demographic patterns may have all played a role.
Young Adults Drive Increase in Multi-Generational Living
The number of Americans living in multi-generational households, which spiked during the Great Recession, has risen to a record 57 million in 2012, including about one-in-four young adults ages 25-34.
More Dads Staying Home with the Kids
The number of fathers who do not work outside the home has nearly doubled since 1989, rising markedly in recent years. And more of these “stay-at-home” dads say they’re home primarily to care for family.
Student Debt Weighing on Economic Fortunes of Young Adults
Households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation and tend to carry larger amounts of other kinds of debt.
A Rise in Stay-at-Home Mothers
The long-term decline in stay-at-home mothers has reversed. Two-thirds of stay-at-home mothers are married with working husbands, but a growing share is unmarried.
Millennials in Adulthood
Racially diverse, economically stressed and politically liberal, Millennials are building their own networks through social media – rather than through political parties, organized religion or marriage. Half now call themselves political independents, the highest share of any generation.
The Rising Cost of Not Going to College
College-educated Millennials are outperforming their less-educated peers on many economic measures. And the gap between the two groups is wider today compared with previous generations.
Bosses More Satisfied than Workers
America’s bosses are more satisfied with their family life, jobs and overall financial situation than are non-managerial employees. Bosses are also significantly more likely than workers to think of their job as a career rather than just a job to get them by.
Changing Global Migration Patterns
More international migrants now live in high-income countries such as the U.S. and Germany, while more were born in middle-income nations such as India and Mexico. Migrants’ annual remittances have nearly tripled since 2000 to more than $500 billion.