Report says Most Millennials Are Struggling With Transition to Adulthood
By his twenties, Kyle Kaylor imagined he would be living on his own, nearing a college degree, and on his way to a job that fulfilled him.
Instead, at 21, he found himself out of school, living with his parents, and “stuck” working as a manager at a fast food restaurant scraping to make hand-to-mouth.
Launching into adulthood has been tricky, he said.
“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.
It’s a scenario that has become far too common, according to a new census report out Wednesday that reveals staggering statistics on millennials and their journey to independence.
For one, the report shows young men like Kaylor, who makes less than $22,000, have fallen by the wayside when it comes to income.
“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.
“That is a product of a shrinking blue-collar economy,” said Anthony Carnevale, director of the Center on Education and the Workforce, a non-profit institute at Georgetown University.
Traditionally, men occupied most positions in industries such as manual labor and construction work. With those mostly gone, male wages have been hit harder than “women who started off behind” but excelled in school and college, Carnevale said.
SOURCE: SAFIA SAMEE ALI