Thursday, July 20th, 2017

Adulthood Pushed Back

“The greatest day in your life and mine is when we take total responsibility for our attitudes. That’s the day we truly grow up.” – John Maxwell

Several years ago, Rebecca Ryan warned the CPA profession that the twenty-somethings that CPAs were accustomed to managing had changed, dramatically. She noted that adulthood markers were happening during their thirties rather than in their twenties.

Just this week I found additional information on this topic that I want to share with you.

Think about it. Baby Boomers (born 1946 to 1964) graduated from college, got a job, got married and had kids when they were in their twenties. Gen-X (born 1965 to 1976) pretty much followed this same tradition.

Millennials are different. A report from the U.S. Census Bureau compares how people born between 1941 and 1957 were living as young adults in the 1970s and how people the same age lived in 2016.

Researchers established four milestones of adulthood: 1) Moving out of your parents’ house, 2) Getting married, 3) Having a child and 4) Getting a job.

  • Younger generations are delaying marriage.
  • One in 3 people ages 18 to 34 (24 million young adults) live with their parents. In 1975, it was one in 5.
  • Women ages 25 to 34 who were out of the labor force to take care of their home and family dropped from 43% to 14% between 1975 and 2016.

So, remember many of those twenty-somethings working at your firm have not actually moved into the adult world. Keep that in mind as you mentor, nurture and supervise them.

  • "You're dead if you aim only for kids. Adults are only kids grown up, anyway."
  • Walt Disney

Leave a Reply