Tuesday, July 15, 2014 at 6:00 AM
A federal report released Friday shows young adults (age 18-24) have made significant gains in educational attainment over the last two generations.
The report is a special young adults issue of the annual Federal Interagency Forum on Child and Family Statistics – a project of the federal Office of Management and Budget.
Among its findings:
But while young adults may be better educated, the report shows they also face greater financial burdens than their predecessors in of the 1980s and 1990s.
The report contains many other statistics that illustrate the challenges young people face compared to decades past, including more obesity, dramatically lower birth rates among women, and greater housing cost burdens. Other stats showed improvement such as decreased smoking and substance abuse and fewer either experiencing or being exposed to violence. Katherine K. Wallman, Chief Statistician in the Office of Management and Budget, says in the forward:
The well-being of young adults in the United States today remains an area of key interest to the public and policy-makers alike. This age group faces the well-known challenges of achieving financial and social independence while forming their own households at a time of greater economic uncertainty than in the past. Better understanding of the achievements and needs of these young adults will inform approaches to best support this exciting and challenging transition to adulthood.