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by trustfundbaby 4448 days ago
I think that economic variables also play an very strong role in what we're seeing with delayed adulthood in millenials.

Credit is much harder to come by, jobs are more difficult to get without a college education (addressed in the article), and there are also changing attitudes to sex and relationships that are becoming more pronounced with millenials (specifically casual sex/relationships) that make it easier for men (probably women as well) to put off marriage and having children.

WRT to credit, when I got out of college back in 2003, I got a credit card with a $5000 limit in my mailbox which I started using immediately, I was talking to my brother who graduated last year and he says that those credit card offers are few and far between now, and that even when you get your hands on one, the credit limit is about $1000 ..... this blew me away. I couldn't have started my business without that $5000 credit card and much of what I have now revolves around the skills/experience I gained from my initial self-employment 10 years ago.

The economic realities have such profound implications that its giving rise to the "sharing economy" http://www.theatlantic.com/magazine/archive/2012/09/the-chea... and changing the way corporations are marketing some of their products to this demographic http://seattletimes.com/html/businesstechnology/2021715711_d...!

Lots more going on there than meets the eye IMO.