Financial crisis delays adulthood, creates new financial benchmarks

While doing chores last night, I had fleeting thoughts of where I am in life. When comparing myself to another friend the same age, I thought, “I’m way behind.”

She’s married and just bought a new house. I’m single, in an apartment and drive a car that seems to get uglier by the second. And a new “Check this now!” light comes on every few months. I was comparing financial benchmarks without knowing it. I started questioning my adulthood.

That’s the crux of this article and video from Yahoo! Finance— Financial crisis delays adulthood for millennial.

Heidi Moore, The Guardian’s U.S. finance and economics editor: “They “just aren’t earning and saving the money that they could, and it is not their fault…This is a generation that has grown up with heavier student loan debt than any previous generation. So what’s happening — some have called it a failure to launch — but it means benchmarks to adulthood… have been pushed back.”

More and more stories are popping up these days about millennials, our debt, our inability to buy a home as soon as the previous generation, etc. It’s sad, but true. We have to redefine what it means to be an adult and successful.

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