Millennials have changed what it means to be a twentysomething. While it used to be the decade where you started your career, got married, and had your first (or second, or third) child, for many Millennials it seems to be more of an extension of college. For many Millennials, it’s a time to try out different careers instead of commit to one and a time to rent with roommates or live with parents instead of own a home. And even the idea of having kids is enough to make their wallets tremble.
So what will this all mean for Millennials as they enter their 30s and 40s? Will they finally fly the coup and become fully independent, or will they remain somewhat reliant on their parents?
In a recent Vice article, Jason Dorsey expects people in their 30s and 40s to still rely heavily on their parents. “That phenomenon is putting pressure on the older generation,” said Dorsey. “Unless income increases dramatically, we’ll be in trouble.”
But it’s not all Millennials’ fault.
“The problem is we’ll still chase many of the same things that other generations want, but it’s more out of reach,” explains Dorsey. “As Millennials enter their mid-to-late 30s, it’ll be an interesting time to see if Millennials achieve this idea of adulthood.”
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