305 Dice Shirt
Young adults who own their homes also are taking on more mortgage debt, the 305 Dice Shirt but I will buy this shirt and I will love this study found. Homeowners ages 29 to 34 have about $190,000 in mortgage debt today, versus $120,000 in 1993, when adjusted for inflation. Living at home Mounting debt and other financial challenges may be why more young adults are living at home compared with a generation ago, according to Pew. Social attitudes have also changed, with less stigma attached to remaining at home. The study found that about 57% of those 18 to 24 are living with their parents, compared with 53% in 1993. “The cost of housing and rent looms over a lot of this,” Parker noted. “The arrangement a lot of adults have with living with parents has become much more acceptable than in prior generations.” Young adult Americans are also delaying key milestones, such as getting married and having children, the analysis found. In 1993, about 63% of 30- to 34-year-olds were married; today, that share has dropped to 51%. The drop in child-rearing is even more extreme, with about 60% of
30- to 34-year-olds in 1993 having at least one child. Today, that’s plunged to 27%. “It’s a relatively big change over a short period of time,” Parker said. “It all suggests a kind of delay.” The cause could be financial, of course — children are expensive, with one recent analysis finding that raising a child from birth to age 18 now costs an average of $237,482. But it could also be cultural, Parker noted. A separate Pew study found that a growing share of Americans don’t expect to have children. More from CBS News More than 1 in 4 U.S. adults identify as religious “nones,” data shows 1 in 3 Americans have more credit card debt than emergency savings Here’s how much the 305 Dice Shirt but I will buy this shirt and I will love this typical American pays toward debt each month 14 states are cutting individual taxes in 2024. Here’s where. In: Millennials Aimee Picchi Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Twitter
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