Will someone help me to interpret a quote & give a further explanation of it? *all answers are helpfull*?

Question

"The lack of economic opportunity for millennials has led them to delay significant life events"

Answer 1

Millennials can't afford to move forward with the usual adult life passages (marriage, house, kids), owing to the lack of job or business opportunities. (They also have student loans to pay off.) So either they are unemployed or they are forced to take any job they can get and therefore can't advance their career goals. Millennial unemployment rate is said to be about 40 percent higher than the US national average. If you want a fuller explanation, you could look up the statistics on the size of this population, the percentage living with parents, the current job market, wages, cost of living, cost of weddings, homes, raising kids, etc. But all that would require interpretation (I don't think anyone here would do that work for you) and it might be more interesting to explore what the trends are--how is the generation meeting this challenge? As of 2012 over 1/3 were living with parents. That sounds bad, but what are the rest doing, and what will they do in coming years? You can't assume most people are just sitting in a basement. See, for example

http://www.mcall.com/business/outlook/mc-outlook-wolfe-web-only-20160319-story.html

Answer 2

Blaming everything on "the lack of economic opportunities" is a whitewash.



The biggest problem is that millennials have been living in an overly protective environmental cocoon.

They are not allowed to "learn from their mistakes" and get some real life experience.

Answer 3

Millenials have a hard time getting jobs. So they live with their parents past the age of 18 and don't get married until later in life than they would have otherwise.

Answer 4

"Significant life events" are things like getting married, starting a family, buying a house, etc.

Answer 5

It means that many are still living in their parents basement do to the fact that Obama has really messed up this country. Doesn't look like they will be moving out anytime soon.

Answer 6

It means that since there are less opportunities like good jobs and such means that they probably are not getting married because they cannot afford it.

Answer 7

"Significant life events" are things like getting married, starting a family, buying a house, etc.

Answer 8

Due to lack of money, unable to get proper education at the right time, unable to get jobs at the right time and unable to get married at the right time and age.