Early Benchmarks Show ‘Post-Millennials’ on Track to Be Most Diverse, Best-Educated Generation Yet
Today’s 6- to 21-year-olds are already America’s most racially and ethnically diverse generation – and more of them are heading to college than previous generations.
What Unites and Divides Urban, Suburban and Rural Communities
Despite widening gaps in politics and demographics, Americans across community types have a lot in common in key facets of their lives.
In a Recovering Market, Homeownership Rates Are Down Sharply for Blacks, Young Adults
Homeownership in America stands at its lowest level in at least 20 years. The decline has been more pronounced among households headed by young adults, blacks and those in the lower income tier.
For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds
For the first time since 1880, Americans ages 18 to 34 are more likely to be living with their parent(s) than in a household shared with a spouse or partner.
More Millennials Living With Family Despite Improved Job Market
Despite improvements in the labor market, Millennials today are less likely to be living independently of their families and establishing their own households than they were in the depths of the Great Recession.
The Changing Profile of Student Borrowers
In 2012, a record 69% of the nation’s new college graduates had taken out student loans to finance their education. Graduates from more affluent families are much more likely to borrow today than 20 years ago.
In Post-Recession Era, Young Adults Drive Continuing Rise in Multi-Generational Living
The number of Americans living in multi-generational households, which spiked during the Great Recession, has risen to a record 57 million in 2012, including about one-in-four young adults ages 25-34.
Young Adults, Student Debt and Economic Well-Being
Student debt burdens are weighing on the economic fortunes of today’s young adults. Among the college-educated, those with outstanding student debt are lagging far behind those who are debt free in terms of household wealth.
A Rise in Wealth for the Wealthy; Declines for the Lower 93%
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau […]
Young Adults After the Recession: Fewer Homes, Fewer Cars, Less Debt
After running up record debt-to-income ratios during the bubble economy of the 2000s, young adults shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars, according to a new Pew Research Center analysis of Federal Reserve Board and other government data. […]