Financial Reliance on parents and the economy

https://www.marketwatch.com/story/why-its-time-to…

This article states that between 60%-70% of 18-34 year olds rely on their parents for financial assistance.

Does anyone think this fact is true, or what effects it has on the economy?

2 Comments
 

ironman32, way too quiet in here. What about these resources:

  • Do You Envy The Rich Kids Who Got A Shot At Their Careers Through Their Parent's Influence? a cushion to fall back on when the opportunities seem lacking or be naturally inclined to take risks (pursue ... it is almost genetic lottery at play but I am curious to know the community's thoughts on this. ... Monkeys, one of the best aspects about this community is that people talk about their stories and ...
  • Parents financial philosophy money and got into investing/finance by looking at your parents' financial decisions? I love my ... avoided with proper planning and a bit of reading on the topic. Anyone relate to this? PS: My opinion and ... I don't know if it's the same for everyone else but do any of you have an urge to make ...
  • What single instance made you lose all respect to your parent(s)? financial planner in the affluent area I grew up in where literally every other mother/father was an ... she conversed with other fellow parents like the uneducated, unethical person that she is. Glad ... the truth. Gold digger, attended two shitty non-targets, made (literally) 30k a year as a commissioned ...
  • Parents said they won't financially support me if I move.-Live very close to the city (think Hoboken, JC, downtown BK type of close)- Lived at home as a SA. ... Wasnt as fun.-FT offer. Considering moving to Manhattan- Parents obviously against it. Want me to save ... as much money as possible- I can afford rent on my own (SA savings + Signing bonus + salary) but of ...
  • What is the Average Age to Move Out of your Parent's House? would look bad if I was in banking and plan on living with the parentals until 26/27. Strategically ... still living with your parents. The main reason for this acceptance is that it's a good way to save ... to live with their parents according to The Big Picture. RKBanker: No shame in staying with your ...
  • Parents [including celebs and various hot shots] indicted in college admissions test scam https://abovethelaw.com/2019/03/willkie-farr-chair... All the more sad, part of one recorded conversation where the parent and the scammer make it seem ... it!? So then the kid is going to think she excelled on her own merits on the entrance exam... and then ... Ouch... prestige attempts done the wrong way AND caught no less! Prosecutors file
  • Job Discussion With Physician Parents that proximity. I go on to mention that the finance major in my school has the highest employment rate ... that bankers are criminals, get sued a lot, and many are in jail. On the other hand, very few doctors ... Hello, I am a 17 year old student starting college next month. Over the past years, my physician ...
  • More suggestions...

Fingers crossed that one of those helps you.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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