Family And Finance News

"Financial Dependence: The Continuing Trend Among Young Adults and Their Parents"

A recent Pew Research survey found that an increasing number of young adults are living with their parents and receiving financial support from them, with 59% of parents providing assistance to their adult children. The survey also revealed that 64% of young adults living with their parents believe it has had a positive impact on their financial situation, while many also contribute to household expenses. Experts attribute this trend to the delayed achievement of adult milestones, such as homeownership, and economic uncertainty. Another survey found that nearly half of young adults are obsessed with the idea of being rich, and many feel behind on their financial goals.