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Young adults having harder time ‘adulting’ than parents: Survey

  • A poll by CNBC surveyed 1,039 people between the ages of 18 and 34
  • Survey: 55% say it’s harder to buy a home than it was for their parents
  • Lab founder: Poll is ‘purely a snapshot’ of what young people think

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(NewsNation) — Young adults are having a harder time reaching the same achievements their parents did, a new survey found.

A “Youth & Money in the USA” poll by CNBC and Generation Lab surveyed 1,039 people between the ages of 18 and 34 across the U.S. from Oct. 25 to Oct. 30.

Fifty-five percent of those surveyed said it is “much harder” to buy a home, 44% believe it’s more difficult to find a job, and 55% think it’s harder to get promoted.

“This is purely a snapshot of what young people perceive their lives to be like compared to their parents,” Cyrus Beschloss, founder of Generation Lab, told CNBC.

Other survey highlights include 50% of young Americans insisting inflation is “very negatively” impacting their financial well-being and 39% saying the same for mortgage prices.

The survey’s results were released roughly one year before the 2024 presidential election.

On Balance with Leland Vittert

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

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