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6 reasons 25-year olds aren’t moving out of parents home

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Chamber-of-commerce [2]
U.S. Chamber of Commerce [3]

Anthony Carnevale and his team at Georgetown University’s Center on Education and Workforce have released a report [4] that analyzes labor market trends for both younger and older adults. Failure to Launch: Structural Shift and the New Lost Generation outlines how the modern economy has negatively impacted young people in the United States and why the country needs to upgrade the education and workforce training systems to align with the 21st century knowledge economy.

Findings from the report include:

The authors argue that the traditional phases of education, work, and retirement are outdated. Instead, “the system has been replaced by an expectation of lifelong learning and the continuous upgrading of skills required to adapt to new workplace technologies and an evolving occupational structure.”

So, how does the country reverse this trend? Carnavale and his team believe, “The United States needs to find ways to enhance the productivity of its human capital development system.”

They recommend in part:

The bottom line is that the education systems in this country cannot remain stuck in the 20th century. As the business community continues to innovate and adapt to a 21st century global economy, so must the education system. If not, these numbers are going to get a lot worse before they get better.

 

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