scorecardMillennials don't wish to leave parents' home, report finds why they don't feel 'grown up' until 27
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Millennials don't wish to leave parents' home, report finds why they don't feel 'grown up' until 27

Millennials don't wish to leave parents' home, report finds why they don't feel 'grown up' until 27
Careers2 min read
millenials
A recent survey has revealed that millennials do not consider themselves "grown up" until they reach the age of 27.

According to the survey conducted by Nationwide Current Accounts which surveyed 2,000 adults, more than 55 per cent confessed that it was only when they reached particular milestones in life did they feel like a fully mature adult. While over one in five (22 per cent) said that people felt mature when they had their own children, a further fifth (21 per cent) felt like adults when they moved out of their parents' home.

One in seven (14 per cent) said they felt grown up when they got married and one in eight (12 per cent) on getting their first job.

Of the nine in 10 adults who consider themselves grown up, the transition took place for half in their 20s, a fifth in their 30s and one in 20 in their 40s.

The trend for millenials living at their parents' house is becoming increasingly worrying. Reasons for this development is being seen as the competitive jobs market, modest entry-level salaries and the high living costs.

According to a poll conducted by Clark University back in 2015, students were found to be grappling with loan debt, lackluster employment opportunities, and achieving financial independence, millennials aren’t satisfied with their current jobs and increasingly uncertain about their personal finances and political decisions, yet remain hopeful for the future.

About 60% of those surveyed are planning on switching career fields at least once in their working lives, while 65% say their current job is not in the field they hope to be in 10 years from now, the poll found, making this generation of emerging adults less complacent about their working situation than those in the past. In addition to work opportunities, millennials are feeling less prepared about handling their own money. About 66% say they feel uncertain about navigating personal finances, though 73% say they feel prepared to handle the responsibilities of daily life.

“They’re taking longer to grow up,” Jeff Arnett, director of the poll, said about millennials whom he refers to as “emerging adults.”

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