*By Kate Gill*
Rather than flee to Neverland, Peter Pan might have enrolled in "adulting" school. And so too can stunted millennials ー daunted by bill-paying, cooking, cleaning, and the like ー if they take a class in adult skills at a new institution in Portland, Maine.
As a concept, "adulting" classes may seem far-fetched, but according to the founder of the school, millennials are so distracted by debt, they're shirking their other responsibilities ー namely, growing up for real.
"Millennials start out, on average, $10,000 in the hole right out of college," Rachel Flehinger told Cheddar Big News.
"It's really hard when you're so broke and trying to make ends meet and save money," she added.
But what, exactly, constitutes adulting? According to the Oxford English Dictionary ー which officially recognized the term around 2016 ー adulting is:
"The practice of behaving in a way characteristic of a responsible adult, especially the accomplishment of mundane but necessary tasks."
Flehinger's definition is similar. "\[It means\] the tasks you have to do and complete to be a working part of society," she said.
In her view, it's a generational issue that begins both in school and at home.
"It used to be that they taught a lot of this in home \[economics\] , in shop; parents lived at home, they weren't divorced, they didn't both work. So now, the education just has to come from somewhere else," she said.
It's also a matter of timing.
"Millennials are doing things later in life ー they used to get married at 22, now they're getting married at 27 and 28. So things are becoming a bit delayed."
[The Adulting School](https://adultingschool.com/) offers classes (both online and in-person) in finance, relationships, lifestyle, and work.
Peacock shared the trailer for the second season of the celebrity competition show, 'The Traitors.'
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Load More