They may live with their parents and they may owe thousands of dollars in student loans, but a larger share of young adults can boast a bachelor's degree than ever before, says a report out Monday.
A record 33% of the nation's 25- to 29-year-olds have earned at least a four-year degree, up from 28% in 2001 and 2006 and 17% in 1971, says the report by the non-profit Pew Research Center. It's based on recently released U.S. Census data.
While President Obama has made college completion a hallmark of his higher education agenda, the report's authors attribute much of the increase to the struggling economy and decline in job opportunities in recent years. They also note that other countries have made similar or greater gains in college-completion rates.
Even so, the report calls the gains a positive sign for the U.S. workforce and economy.