But this does not mean what you think it means – Today, an overwhelming majority of young go to college, 1/3 take on education debts, and they delay starting career type jobs until age 23-25.
In the past, the majority of workers began apprenticing or working at age 18-21, earned money, saved, and then pursued marriage/family and buying a home. By the time they were age 28, many had up to 10 years of earned income already – where as today, a typical young person has only just entered the work world, possibly with debt.
Thus, in the past young people went to work – now they go to college, take on debt, and postpone career level jobs until their mid-20s or later. Consequently, everything is postponed – the job, the marriage, the family, buying a home.
In the 1960s, half of US adults did not even have a high school diploma.
