Most Millennials Are Finding It Hard to Transition Into Adulthood: Report — from nbcnews.com by Safia Samee Ali
Excerpt:
“It became too difficult financially to be in school and not working,” says Kaylor, who dropped out of Lincoln Christian University, in Illinois, after one semester because of a money crunch. “And without schooling, you can’t get a job that you can survive on, so I had to move back home,” he said.
From DSC:
Let’s pause right there. If higher ed is the gatekeeper into better salaries/wage rates — i.e., the ability to make a living — then it must be affordable. Higher education has a big piece of this current situation. This is why a backlash against traditional institutions of higher education continues to build. When a lower cost “Amazon.com of Higher Education” comes along, many will take that route. Just sayin’.
“In 1975, only 25 percent of men aged 25 to 34 had incomes of less than $30,000 per year. By 2016, that share rose to 41 percent of young men,” according to the report.
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In 2015, one-third or about 24 million young adults, ranging from 18 to 34, lived with their parents, according to the report.
“These individuals are the first to go through new demands in a drastically different job force than from one generation prior,” he said. So it’s no surprise the transition has been bumpy for many.