
In past cycles of the U.S. economy, a college degree — or even a high school diploma — could be enough for a job seeker to land a well-paying position that afforded them staples of an American lifestyle, such as home and car ownership, leaving home as a teen or young adult, and starting a family. In the new economy, with high unemployment rates for teens and adults, neither a college degree or high school diploma comes with a job guarantee, and many young adults are reacting by living with their parents longer, delaying marriage and child birth and indefinitely postponing large purchases. 1
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