New research from the Stanford Center on Longevity shows that the ideal time for life events, such as marriage and home ownership, has remained relatively constant across generations.
Millennials – young adults in their 20s and 30s – are marrying, buying homes and starting families later in life. But just because they are postponing these major life events does not mean they want to.
Millennials hope to achieve important life goals at the same age as previous generations, including those now in their 60s, 70s and older, according to a new study from the Stanford Center on Longevity.
Researchers found that the ideal timing of major milestones has remained relatively constant across generations.
“Millennials want to achieve the same things around the same time as everyone else,” said Tamara Sims, a research scientist at the Center on Longevity, about the findings of the study, called the Milestones Project.
“Beliefs and values about the right way of doing things – in this case, when you should get married, buy a home – are very ingrained in our culture,” said Jeanne L. Tsai, a Stanford professor of psychology in her comments about the new study. “At the same time, I think the results on saving for retirement are really encouraging. They suggest that with education and alternative models for doing things, beliefs, expectations and even behavior can change.”