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"The trend was inevitable," said Teresa Ghilarducci, professor of economics at The New School for Social Research in New York. "The lack of affordable childcare may be playing a role," according to Richard Fry, a senior researcher at Pew. "The childcare crisis, which was simmering prior to the pandemic, has come to a boil," according to a KPMG analysis. A study by the Pew Research Center found that men who are not college-educated leave the workforce at higher rates than men who are. "When you don't get rewarded for working, you work less," Fry said.

Persons: Teresa Ghilarducci, Richard Fry, —, Pew's Fry, Fry Organizations: Federal Reserve, The New School for Social Research, Pew Research Center, Pew, KPMG Locations: New York

☆ The number of young working men without college degrees has tanked in the last 30 years. It could be because their wages have barely budged.
▼ + stars: | 2024-05-23 | by ( Ayelet Sheffey | Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Young men without college degrees have been dropping out of the workforce for decades. On Thursday, the Pew Research Center released a report delving into whether a college degree is worth it. The report compares economic outcomes for young adults who've completed a college degree with those who have not. "Accompanying that wages were also bid up for non-college educated young men at that time." Fry added, "the rising rates of young men with criminal records" could be a reason given they could have a hard time finding work.

Persons: who've, it's, —, Richard Fry, Fry, Pew, Gen, millennials Organizations: Service, Pew Research Center, Business, Labor, Bureau of Labor Statistics, Pew, Deloitte

☆ A college degree can lead to higher earnings—but 29% of Americans say it's not worth the cost
▼ + stars: | 2024-05-23 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

But the vast difference between the net worth of young adults with degrees compared with those without is difficult to ignore. But college graduates stood to benefit the most from both of these broader economic conditions. "Their employers are more likely to offer defined contribution retirement plans and the college-educated are more likely to participate in those retirement plans." Their stronger homeownership and retirement plan contribution rates and may be due to the fact that college graduates earn more. While nearly half of Americans say a college degree is less important today than it was 20 years ago, according to Pew, only 34% say it's very or extremely likely someone without a degree could get a well-paying job today.

Persons: Richard Fry Organizations: Pew, CNBC

☆ Nearly half of Americans say having a college degree is less important now than it was 20 years ago
▼ + stars: | 2024-05-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

In 2011, 86% of college graduates said their degree had been a good investment; in 2013, 70% of U.S. adults said a college education was "very important," according to Pew Research Center and Gallup surveys. Today, 29% of Americans say that college isn't worth the cost — and roughly half (49%) say having a four-year college degree is less important for landing a high-paying job today than it was 20 years ago, according to a new survey from the Pew Research Center. Only 22% of U.S. adults say the cost of getting a four-year degree today is worth it even if someone has to take out loans, Pew found. College graduates on average earn more than those without a four-year degree — but this so-called college wage premium is shrinking. A recent report from the San Francisco Federal Reserve found that the college wage gap peaked in the mid-2010s but declined by four percentage points in 2022.

Persons: Pew, Richard Fry Organizations: Pew Research Center, Gallup, U.S . News, College, San Francisco Federal Reserve, Economic, Institute, Pew, CNBC Locations: U.S

☆ Women experience a 'motherhood penalty.' For dads, there’s a wage 'bonus'
▼ + stars: | 2024-03-26 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

watch now"For mothers, employment and earnings conditional on being employed fall sharply around the time of birth for women, and, more ominously, may remain permanently lower well after childbirth," the authors of the PNAS study wrote. There is a dynamic that perpetuates itself, according to Jasmine Tucker, vice president of research at the National Women's Law Center. Alternatively, fathers who work full time experience a wage "bonus" when they have children, according to a separate report by the British trade union association TUC. "The gender imbalance in time spent on caregiving persists, even in marriages where wives are the breadwinners." In fact, the motherhood penalty is even greater in "female-breadwinner" families, the PNAS study also found, where higher-earning women experience a 60% drop from their pre-childbirth earnings relative to their male partners.

Persons: Jasmine Tucker, Tucker, Richard Fry Organizations: National Women's Law, TUC, Fathers, Pew Research Center, Pew, CNBC Locations: British

☆ Meet the stay-at-home dads: They're on the rise as more men drop out of work and skip college
▼ + stars: | 2023-08-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

It's a trend often fueled by economic downturns and one that some stay-at-home dads hope will stick around. A husband may lose his job or something like that and decide to be a stay-at-home dad, but then he chooses to remain a stay-at-home dad," Shannon Carpenter, a stay-at-home dad for 15 years and the author of "The Ultimate Stay-at-Home Dad," told Insider. And you can see the change starts with stay-at-home dads, that that is an option for us to go through." How stay-at-home dads are changingOver the past 30 years, the number of stay-at-home parents has been on the rise — but the number of stay-at-home moms has essentially stayed flat. But there seems to be some evidence that changing gender norms are contributing to the rise in stay-at-home dads."

Persons: Andrew Ebright, he's, I'm, Ebright, I'd, Shannon Carpenter, St . Louis, Richard Reeves, hasn't, Carpenter, Richard Fry, Fry, Pew, Drew, Drew — Organizations: Service, Pew Research Center, Wall Street Journal, National Center for Education Statistics, Washington University, Boston Fed, Brookings Institution, Pew Locations: Wall, Silicon, St .

☆ A record-high number of 40-year-olds in the US have never been married, study finds
▼ + stars: | 2023-07-01 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +3 min

CNN —If you’ve made it to your 40th birthday without tying the knot, you’re not alone, according to a recent report from the Pew Research Center. A look at 2021 US Census Bureau data found a quarter of 40-year-olds in the United States had never been married, the research center announced Wednesday. The findings were a “significant increase” from the 20% of unmarried 40-year-olds in 2010, according to the study. The findings, which suggest a shift in Americans’ views of the importance of getting hitched, differed widely to the statistics reported decades ago in 1980, when just 6% of 40-year-olds had never married, Pew reported. If the pattern continues, the research center anticipated that “a similar share” of never-married 40-year-olds would also get married in the coming years.

Persons: you’ve, you’re, Pew, ”, Richard Fry, ” Fry Organizations: CNN, Pew Research Center, Pew, University of Virginia’s Locations: United States

☆ Women are now out-earning or making the same as their husbands in nearly half of marriages
▼ + stars: | 2023-04-20 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

In almost half of opposite-sex marriages in the U.S., women are now earning the same as their husbands — or out-earning them, by an average of $53,000. Spouses are earning the same income in nearly one-third, or 29%, of opposite-sex marriages, a significant jump from just 11% in 1972. In egalitarian marriages, men and women's earnings are almost identical: In 2022, the median earnings for wives in such marriages was $60,000, while husbands earned $62,000. About 16% of opposite-sex marriages in the U.S. have a breadwinner wife, up from 5% five decades earlier, Pew reports. Women continue to bear the brunt of household responsibilities, even as financial contributions have become more equal in opposite-sex marriages.

☆ More women are out-earning their husbands, but still picking up a heavier load at home
▼ + stars: | 2023-04-13 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

watch nowMore women are becoming breadwinners, but the division of labor at home has barely budged, a new report found. Women are achieving increasing levels of education, making them more likely to out-earn their husbands, according to Richard Fry, a senior researcher at Pew. But as women's financial contributions increase, they still pick up a heavier load when it comes to household chores and caregiving responsibilities, the report also found. Age, race and family size also play a role, the Pew report found, with Black women more likely to be the breadwinners, as well as older women and women without children. In marriages where husbands and wives earn about the same, women spend roughly 2 hours more a week on caregiving and about 2½ hours more on housework, according to the Pew data.

☆ Over 2 million workers are missing from the US workforce. Here's how they're paying their bills.
▼ + stars: | 2023-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

There are over two million workers missing from the US labor force, per Bank of America Institute. They can thank gig work, living with others who are earning money, and excess savings or stimulus money during the pandemic. "There's no single driver that's really causing people not returning back to the labor force," Zhou told Insider. Below are different ways these "missing workers" from the labor force may still be affording expenses and paying bills. The "financial buffer" that some of these missing workers may be relying on could be a "temporary reason" they left.

☆ More Parents Are Moving In With Adult Children—at Younger Ages
▼ + stars: | 2023-02-22 | by ( Oyin Adedoyin | Photographs Zack Wittman For The Wall Street Journal | ) www.wsj.com time to read: 1 min

More parents are moving in with their young adult children, and they are doing it while they are younger, healthier and often still working. One in four Americans aged 25 to 34 lived with parents or older relatives as of 2021, the fastest-growing segment in multigenerational households, according to data from Pew Research Center. Most of this group is adult children moving back in with their parents, but a significant number of older adults are moving in with millennials, said Richard Fry , a senior researcher at Pew. In 2021, 9% of multigenerational households were headed by a 25- to 34-year-old, up from 6% in 2001.

☆ The pay gap will get worse for Gen Z women because they're 'so anxious,' an NYU professor says
▼ + stars: | 2023-01-04 | by ( Jacob Zinkula | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Gen Z is facing a "national crisis," according to social psychologist and NYU professor Jonathan Haidt. Haidt told the Wall Street Journal that Gen Z women are going to be less successful than Gen Z men. That's partly because many Gen Z women are facing mental health challenges like anxiety. As Gen Z enters the workforce, the problem could get even worse. "Gen Z women, because they're so anxious, are going to be less successful than Gen Z men," he said.

☆ 67% of pandemic 'boomerang kids' are still living with mom and dad
▼ + stars: | 2022-09-06 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

watch nowWhy so many young adults live with mom and dadOverall, multigenerational living is on the rise and has been for years. In 2020, the share of those living with their parents — often referred to as "boomerang kids" — temporarily spiked to a historic high. Now, 25% of young adults live in a multigenerational household, up from just 9% five decades ago. A smaller share live in their own home and have a parent or other older relative stay with them. The percentage of young adults living with parents or grandparents is even greater among men and those without a college degree.

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