\n<\/p>\n
Mellisa Soehono, 29, says she would \u201cdefinitely\u201d like to start a family someday.<\/p>\n
\u201cI do get a little bit of \u2018FOMO\u2019 seeing my friends around my age getting married, settling into a new home \u2014 and I\u2019m just not in a place where that is really realistic for me,\u201d said the public relations executive in Jacksonville, Florida.<\/p>\n
To be sure, Soehono is not alone. Fewer 25- to 34-year-olds are getting married or having children, or even working full time or moving out of their parents\u2019 home, according to a recent U.S. Census Bureau\u00a0working paper<\/a>.<\/p>\n More from Personal Finance:<\/strong> Compared to previous generations, the share of young adults reaching those four key benchmarks notched a \u201csignificant drop<\/a>,\u201d the Census statisticians\u00a0found.<\/p>\n Roughly 50 years ago, almost half of 25- to 34-year-olds achieved those milestones, which \u201cmark the transition from adolescence to adulthood,\u201d according to the analysis of the Census Bureau\u2019s American Community Survey data \u2014 today, less than a quarter have done the same.<\/p>\n<\/div>\n Jhorrocks | E+ | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n Soehono, who also has student debt from college, said she is not in a financial position to buy a home or start a family. \u201cWhere I am at with my life is focusing on my career because that\u2019s really all I have right now,\u201d she said.<\/p>\n In addition to hefty student loan bills, the recent runup in\u00a0inflation<\/a>\u00a0helped cause rent and\u00a0housing prices<\/a>\u00a0to jump, worsening an affordability crunch for many just starting out.<\/p>\n The median age of first-time homeowners is now 38 years old, an all-time high,\u00a0according\u00a0to a 2024 report by the National Association of Realtors<\/a>. In the 1980s, the typical first-time buyer was in their late 20s<\/a>.<\/p>\n<\/div>\n Financial pressures \u2014 including rising housing costs, high rent burdens and the need for greater economic stability \u2014 are \u201cmajor factors delaying family formation,\u201d according to Douglas Boneparth, a certified financial planner and the president of Bone Fide Wealth in New York.<\/p>\n \u201cLiving with parents has become more common, and many young adults now view marriage and children as goals to pursue only after securing financial independence,\u201d said Boneparth,\u00a0a member of the\u00a0CNBC Financial Advisor Council<\/a>.<\/p>\n \u201cThe economic bar for starting a family has risen, with affordability concerns shaping the timing and sequencing of life milestones more than in prior generations,\u201d he said.<\/p>\n Subscribe to CNBC on YouTube.<\/strong><\/em><\/a><\/p>\n<\/div>\n<\/div>\n\n
Here\u2019s the inflation breakdown for July 2025<\/a>
Social Security COLA may be 2.7% in 2026: estimates<\/a>
Older student loan borrowers face high delinquency rates<\/a><\/p>\nThe \u2018economic bar\u2019 for milestones is rising<\/h2>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Mellisa Soehono, 29, says she would \u201cdefinitely\u201d like to start a family someday. \u201cI do get a little…\n","protected":false},"author":3,"featured_media":35302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-35301","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/35301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35301"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/35301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/35302"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}