Do you wash your sheets regularly, watch the news and get to bed before 11 pm?
Congratulations – you’re officially an adult!
A new study of 2,000 millennials found that certain tasks are only performed by fully mature adults and that completing mundane tasks are actually a milestone when it comes to maturity.
A new survey of 2,000 millennials has revealed the 40 things they believe qualify a person as a real adult, including washing sheets regularly and paying taxes on time.
Check list: According to millennials, the number one sign of ‘adulting’ is having a steady job, followed by financial independence and paying a bill
According to millennials, the number one sign of ‘adulting’ is having a steady job (78 per cent), but as many as half say just doing their own laundry makes them feel like an adult.
Dealing with conflict better also proved to be a big sign of being an adult, as one in four millennials say confronting someone in person instead of blasting them on social media is now considered ‘adulting.’
The survey, conducted by Mattress Firm, found that filing your own taxes was a big sign of maturity also, but curiously, women find it to be substantially more adult, with 66 per cent of females saying financial responsibility is a sign of ‘adulting’ compared to just 45 per cent of men.
Many millennials feel bogged down by their circumstances however, as more than half (52 per cent) believe the current economic climate makes it impossible for people to grow up and ‘adult’ faster than they’d like, and 15 per cent of millennials still do not actually consider themselves to be a true adult.
However, almost half of those surveyed displayed a conservative attitude when it came to spending, and from buying a mattress to leasing a car, the average millennial will do 4.6 hours of research before buying.
Money matters: Financial independence and the ability to pay for things ranked high with millennials as a sign on maturity
Future proof: Almost half of those surveyed said they were saving for retirement and felt that was an indication of maturity
They also believe a ‘big purchase’ falls somewhere between the $500-$2,500 range, and they won’t make it haphazardly, consulting four or more people for their opinion on a purchase.
‘Doing research before making a big purchase can make all the difference,’ said Kathryn Siegling, Mattress Firm’s Vice President of Advertising.
‘There are several resources available such as online reviews, blogs and even guides on the best time to buy that can help save you money on a larger purchase.
‘If you find yourself overwhelmed with too many options, recommendations from friends and family are the best resources to help you narrow down your choices.’
According to the survey, 63 per cent of millennials’ overall spending goes toward necessities, proving that they’re more financially responsible than people might think.
In fact, nearly half (41 per cent) of millennials are currently saving for retirement.
Shopping around: Millennials are also careful when it comes to spending their money the survey found, spending hours researching purchases online
Savers: They also prefer to buy things on sale rather than pay full price
False economy: However, despite their conservative spending, most millennials don’t have enough money saved to cover the cost of a major medical emergency
Not only that, but more than 35 per cent of millennials pay off their entire credit card bill each month, and 69 per cent will actually turn down social events with friends for financial reasons.
The majority (65 per cent) are also more likely to buy something they have immediate interest in a few months later if they can get it at a discounted price.
But that doesn’t mean they’re flowing with riches either, as nearly six in ten (58 per cent) don’t even have enough money for a major medical emergency, and only three in four (76 per cent) are paying their own rent or mortgage.
‘Whether we like it or not, adulting can be expensive,’ Siegling said.
‘But big purchases don’t have to cost a fortune and can be a smart investment in the long run. Waiting for the right time to buy or saving extra cash can make those larger expenses easier to take on. Once you’re ready to buy, finding the best value for a “big purchase” can help stretch your budget further.’