Most Millennials Are Finding It Hard to Transition Into Adulthood: Report

Jessica McManus Warnell

By his twenties, Kyle Kaylor imagined he would be living on his own, nearing a college degree, and on his way to a job that fulfilled him.

Instead, at 21, he found himself out of school, living with his parents, and "stuck" working as a manager at a fast food restaurant scraping to make hand-to-mouth.

Launching into adulthood has been tricky, he said.

"It became too difficult financially to be in school and not working," says Kaylor, who dropped out of Lincoln Christian University, in Illinois, after one semester because of a money crunch. "And without schooling, you can't get a job that you can survive on, so I had to move back home," he said.

It's a scenario that has become far too common, according to a new census report out Wednesday that reveals staggering statistics on millennials and their journey to independence.

EXCERPT:

"These individuals may be temporarily not working or not in school, but that doesn't mean they are permanently out of the workforce," said Jessica McManus Warnell, a professor at the University of Notre Dame Mendoza College of Business.

Read the entire story on the NBC News website.