EXCELLENT study from the Pew Research Center showing how work, family and living arrangements are reshaping the lives of people in the United States and around the world.
Here are the highlights. More detailed info in link above.
Millennials will grow thru 2036
- 80 million millennials (ages 18 to 35 in 2016) compared to 74 million Baby Boomers (ages 52 to 70).
- More living with their parents than with a romantic partner (a historic first)
- Fewer are married, homeowners or parents
Americans’ lives at home are changing
- Only half are married down from 70% in 1950.
- Cohabiting relationships rose 29% between 2007 and 2016, from 14 million to 18 million.
- Cohabitation among those 50 and older increased by 75%
- The “gray divorce” rate (50 and older) doubled between 1990 and 2015
- A record number (61 million) are living in multigenerational households led by Asian and Hispanic populations.
Women may never make up half of the U.S. labor force
- Women accounted for 47% of the U.S. labor force in 2015
- The Bureau of Labor Statistics projects that will remain the peak participation rate until 2025 when it starts to taper off.
- Women earned $0.83 for every $1 a man earned in 2015, up from $0.64 in 1980.
- Among 25 to 34 year olds, women made 90% of what their male counterparts made.
- Women continue to be underrepresented in leadership positions.
- Women make up 19% of the U.S. Congress; 8% of U.S. governors and 5% of Fortune 500 CEOs.
Read on below for more on immigration, birth rates and refugees.