But in the newsletter I received yesterday, Iconoculture has a new, thought-provoking life stage for all of us to consider. It is a subset of the Age of Acquisition that they call “Emerging Adulthood” (18-25). Click here to see the story.
Implications: The economy, the labor market, and willing Boomer parents have colluded to create a population of young adults who are more likely to live with mom and dad for a longer period of time, rather than striking out to create their own household.
Does that make this an unattractive market to reach for? On the contrary, this life stage is often composed of people who are stashing-away cash until they can do it big. In the meantime, they’re living in a place with low or no rent, so more of their income could be considered discretionary. To be sure, some folks in this life stage and living arrangement could be examples of a “failure to launch.” But this group also includes people who are fueling-up… so that when they leave, they can reach for the sky.