I think this will be one of the key sociological changes driving new styles of business and entrepreneurship in the coming decade –

People between 20 and 34 are taking longer to finish their educations, establish themselves in careers, marry, have children and become financially independent, said Frank F. Furstenberg, who leads the MacArthur Foundation Research Network on Transitions to Adulthood, a team of scholars who have been studying this transformation.

“A new period of life is emerging in which young people are no longer adolescents but not yet adults,” Mr. Furstenberg said.

National surveys reveal that an overwhelming majority of Americans, including younger adults, agree that between 20 and 22, people should be finished with school, working and living on their own. But in practice many people in their 20s and early 30s have not yet reached these traditional milestones.

Marriage and parenthood — once seen as prerequisites for adulthood — are now viewed more as lifestyle choices, according to a new report released by Princeton University and the Brookings Institution.

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