National surveys reveal that an overwhelming majority of Americans, including younger adults, agree that between 20 and 22, people should be finished with school, working and living on their own. But in practice many people in their 20s and early 30s have not yet reached these traditional milestones.This article seems to put the onus of this transformation into lifestyle choices, but I think it's much deeper than that. My mother, the uneducated super business woman, always told me to focus on my education and my career. I didn't even consider settling down until I was 25. Now, nearly 10 years later, I find that I'm unable to. I don't think I could pay for daycare if I had to, and I certainly can't afford to stay home with a child. Who would pay my student loans? My credit card bills?
I'm not mad at my mother for telling me to focus on my career... that was her generation's ideal: the career woman. Now, many of my friends are looked down upon by their mothers for trying to be stay-at-home mothers. The latchkey kids of the nineties and eighties didn't like our childhoods and do not want the same for our children. If I could do it again, I would focus on having a family because my ovaries do not--unlike my brain--function better as I get older.
In the late 1990s, however, parents’ spending patterns began to shift so that the flow of money was greatest when their children were either very young or in their mid-20s.”
More people in their 20s are also living with their parents. About one-fourth of 25-year-old white men lived at home in 2007 — before the latest recession — compared with one-fifth in 2000 and less than one-eighth in 1970.Well, maybe some of those kids decided to invest in their education to their detriment causing them to move back in with their parents or need their parents assistance to float their lives while they attempt to obtain gainful employment. Just a thought.
It's funny, I used to look down on my peers that decided to stop with just a college education or *GASP* high school. Ironically, all of my seemingly uneducated peers are financially so much better off than I am. I wish that this article would draw more of a connection between the false dreams afforded by a higher education and the financial impact that has made on our "young" people.
More schooling has meant that children have to rely on financial support from their parents. Adults between 18 and 34 received an average of $38,000 in cash and two years’ worth of full-time labor from their parents, or about 10 percent of their income, according to the MacArthur network.So, I think that we need to do things differently with our children, should they ever materialize. I am planning on focusing my children on skills that they can use to sustain themselves instead of the frivolous pursuits of a higher education. If my child is dead set on studying french or English lit, I will suggest that they do so part-time while working full time in a trade of some sort. As it stands, with the financial set backs of my career--and there have been many--I will not have enough cash to take care of myself, let alone a child who is 34. Oh yah, I will also tell him/her to have babies when they are young. Before 30 for sure. It's not easy to get onto a soccer field in a wheel chair.