WORK IN PROGRESS

Kate Galantha, 29, spent seven years working her way through college, transferring three times. After she finally graduated from Columbia College in Chicago (major: undeclared) in 2001, she moved to Portland, Ore., and went to work as a nanny and as an assistant to a wedding photographer. A year later she jumped back to Chicago, where she got a job in a flower shop. It was a full-time position with real benefits, but she soon burned out and headed for the territories, a.k.a. Madison, Wis. "I was really busy but not accomplishing anything," she says. "I didn't want to stay just for a job."

She had no job offers in Madison, and the only person she knew there was her older sister, but she had nothing tying her to Chicago (her boyfriend had moved to Europe) and she needed a change. The risk paid off. She got a position as an assistant at a photo studio, and she loves it. "I decided it was more important to figure out what to do and to be in a new environment," Galantha says. "It's exciting, and I'm in a place where I can accomplish everything. But starting over is the worst."

Galantha's frenetic hopping from school to school, job to job and city to city may look like aimless wandering. (She has moved six times since 1999. Her father calls her and her sister gypsies.) But Emerging Adulthood's Arnett--and Galantha--see it differently. To them, the period from 18 to 25 is a kind of sandbox, a chance to build castles and knock them down, experiment with different careers, knowing that none of it really counts. After all, this is a world of overwhelming choice: there are 40 kinds of coffee beans at Whole Foods Market, 205 channels on DirecTV, 15 million personal ads on Match.com and 800,000 jobs on Monster.com Can you blame Galantha for wanting to try them all? She doesn't want to play just the hand she has been dealt. She wants to look through the whole deck. "My problem is I'm really overstimulated by everything," Galantha says. "I feel there's too much information out there at all times. There are too many doors, too many people, too much competition."

Twixters expect to jump laterally from job to job and place to place until they find what they're looking for. The stable, quasi-parental bond between employer and employee is a thing of the past, and neither feels much obligation to make the relationship permanent. "They're well aware of the fact that they will not work for the same company for the rest of their life," says Bill Frey, a demographer with the Brookings Institution, a think tank based in Washington. "They don't think long-term about health care or Social Security. They're concerned about their careers and immediate gratification."

Twixters expect a lot more from a job than a paycheck. Maybe it's a reaction to the greed-is-good 1980s or to the whatever-is-whatever apathy of the early 1990s. More likely, it's the way they were raised, by parents who came of age in the 1960s as the first generation determined to follow its bliss, who want their children to change the world the way they did. Maybe it has to do with advances in medicine. Twixters can reasonably expect to live into their 80s and beyond, so their working lives will be extended accordingly and when they choose a career, they know they'll be there for a while. But whatever the cause, twixters are looking for a sense of purpose and importance in their work, something that will add meaning to their lives, and many don't want to rest until they find it. "They're not just looking for a job," Arnett says. "They want something that's more like a calling, that's going to be an expression of their identity." Hedonistic nomads, the twixters may seem, but there's a serious core of idealism in them.

Still, self-actualization is a luxury not everybody can afford, and looking at middle- and upper-class twixters gives only part of the picture. Twixters change jobs often, but they don't all do it for the same reasons, and one twixter's playful experimentation is another's desperate hustling. James C??t?? is a sociologist at the University of Western Ontario and the author of several books about twixters, including Generation on Hold and Arrested Adulthood. He believes that the economic bedrock that used to support adolescents on their journey into adulthood has shifted alarmingly. "What we're looking at really began with the collapse of the youth labor market, dating back to the late '70s and early '80s, which made it more difficult for people to get a foothold in terms of financial independence," C??t?? says. "You need a college degree now just to be where blue- collar people the same age were 20 or 30 years ago, and if you don't have it, then you're way behind." In other words, it's not that twixters don't want to become adults. They just can't afford to.

One way society defines an adult is as a person who is financially independent, with a family and a home. But families and homes cost money, and people in their late teens and early 20s don't make as much as they used to. The current crop of twixters grew up in the 1990s, when the dotcom boom made Internet millions seem just a business proposal away, but in reality they're worse off than the generation that preceded them. Annual earnings among men 25 to 34 with full-time jobs dropped 17% from 1971 to 2002, according to the National Center for Education Statistics. Timothy Smeeding, a professor of economics at Syracuse University, found that only half of Americans in their mid-20s earn enough to support a family, and in TIME'S poll only half of those ages 18 to 29 consider themselves financially independent. Michigan's Schoeni says Americans ages 25 and 26 get an average of $2,323 a year in financial support from their parents.

The transition to adulthood gets tougher the lower you go on the economic and educational ladder. Sheldon Danziger, a public-policy professor at the University of Michigan, found that for male workers ages 25 to 29 with only a high school diploma, the average wage declined 11% from 1975 to 2002. "When I graduated from high school, my classmates who didn't want to go to college could go to the Goodyear plant and buy a house and support a wife and family," says Steve Hamilton of Cornell University's Youth and Work Program. "That doesn't happen anymore." Instead, high school grads are more likely to end up in retail jobs with low pay and minimal benefits, if any. From this end of the social pyramid, Arnett's vision of emerging adulthood as a playground of self-discovery seems a little rosy. The rules have changed, and not in the twixters' favor.