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?

 

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.
 

Qui sit quos placeat quae aut officiis vel. Enim quibusdam nihil nam a et. Nam enim alias impedit et nostrum.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”