More reports are showing Millennials haven't been taking the generic route to adulthood: get a job, get married, buy a house, have kids. Yet, when asked, a majority of this age group reports still wanting that typical path.
A study a few years ago showed us that 57% of parents between 26 and 31-years-old had kids outside of wedlock. Now, a study from Johns Hopkins University and University of Melbourne may have an answer: economics.
The researchers found that Millennial parents with kids outside of marriage were disproportionately from areas that didn't have college degrees had and high rates of income inequality among residents. For example, women living in areas with high rates of income inequality were 15% to 27% less likely to be married before having kids. Also, areas with high unemployment rates indicated men would likelier have kids out of wedlock. College degrees were also big indicators. Of those parents aged 26 to 31-years-old who didn't have college degrees, 74% of mothers and 70% of fathers had kids out of wedlock.
Essentially, access to a stable income to support a family raises the rates of people who are likelier to get married before having a kid. The researchers suggested strengthening middle-market jobs and training young adults would bring more family stability.