All sorts of big life decisions are postponed as well, especially within minority groups. Almost half have delayed purchasing a home, a third have delayed moving out on their own or starting a family and a quarter have delayed getting married.
"The landscape has changed dramatically even from when my parents were young adults," said Aaron Smith, president of Young Invincibles. "It's changed how young people are able to get ahead in the world."
Washington, D.C.-based Young Invincibles is a research and policy organization focused on issues affecting youth, and New York City-based Demos is an economic research and policy development organization.