Looks like millennials might be the generation to stop saying "I do." A new report from the U.S. Census Bureau titled The Changing Economics and Demographics of Young Adulthood: 1975–2016 is looking at changes in adulthood over the last 40 years. And the surprising news is, this generation might not be that interested in settling down. The report indicates that Americans between the ages of 18 and 34 are getting married less than previous generations.
“What is clear is that today young adults look different from prior generations in almost every regard: how much education they have, their work experiences, when they start a family, and even who they live with growing up,” the report said. “It comes as no surprise that when parents recall stories from their youth, they are remembering how different their experiences were.”
The report revealed that 55 percent of these young adults don't believe getting married and having kids are as important as pursuing their career goals and education. Preach! And unlike the previous generation—the same report in 1975 suggested 8 in 10 Americans were married by 30—the percentage of young adults who are getting married are doing it much later in life.
The report is also good news for women of this young generation. It shows that in the last 40 years, women have made "considerable economic gains." Unlike the 1975 data, which showed 43 percent of young women were homemakers, only 14 percent of women now are staying home.
The one piece of bad news: It's time to move out, millennials! This report also showed that young adults are living at home with their parents longer than they used to.