Compared with 2000, suburban populations are less engaged in the labor market, experiencing declining incomes and seeing home values that have not kept pace with those of the central cities.
Financial independence is one of the many markers used to designate the crossover from childhood into young adulthood, and it’s a milestone most Americans (64%) think young adults should reach by the time they are 22 years old, according to a new Pew Research Center study. But that’s not the reality for most young adults who’ve reached this age.
Household incomes in the United States have rebounded from their 2012 bottom in the wake of the Great Recession. And for the most part, the typical incomes of households headed by less-educated adults as well as more-educated adults have increased.