Parents Still Think of 18-to-21-Year-Olds as ‘Kids’

7/15/2013

Only 29% of parents of 18-to-21-year-olds feel their children have reached adulthood, according to Clark University. Three in four parents of 26-to-29-year-olds (75%) say their children have reached adulthood.

Both parents and their millennial-aged children agree that the key to becoming an adult is accepting responsibility for yourself, followed by becoming financially independent, and finishing education.

Four in 10 parents (40%) are “not at all” concerned about whether their children will find stable employment. Their children, on the other hand, are very concerned, with 61% saying they haven’t been able to find the kind of job they want. A majority of parents (57%) are also not worried that their children will be unable to find a spouse.

Most millennials (89%) are confident they will eventually get what they want out of life.

SOURCE: Clark University, Jeffrey Jensen Arnett, Professor of Psychology, 950 Main St., Worcester, MA 01610; 508-793-7711; jarnett@clarku.edu; www.clarku.com.

© 2013 Business Valuation Resources, LLC (BVR). May not be reproduced without written consent of publisher.

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