Young men aren't working as much as they used to — and they have less financial freedom than previous generations
Even men earning six figures are trying to work less. A recent paper from the National Bureau of Economic Researchthat highly-educated high-earners have been clocking fewer hours at their jobs over the last few years.
As women's educational attainment has gone up, and marriage and birth rates have gone down, there's been a surge of women of all ages entering the workforce over the past four decades. In April, the share of US women aged 25 and 54 working or looking for work rose to 77.5%, theIt's unclear exactly why a smaller share of 25-year-olds are working and financially independent than they used to be.
While the pandemic caused the US unemployment rate to spike to nearly 15% in 2020, it fell considerably by 2021, suggesting this wasn't a big factor keeping young men on the sidelines. Some men might be enrolled in graduate school. As of 2021, 14.3% of Americans aged 25 and older had obtained a
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