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Family And Finance

All articles tagged with #family and finance

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

Originally Published 1 year ago — by Fox News

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.

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"Majority of Young Adults Still Financially Dependent on Parents, Study Finds"

Originally Published 1 year ago — by CNN

Many parents are still financially supporting their adult children well into their late 20s and early 30s, with a significant portion of young adults living with their parents and contributing financially to the household. The Pew Research Center's report highlights the impact of student loan debt and the various forms of financial assistance provided by parents, as well as the mixed impact on parents' own finances. Additionally, it reveals that a notable number of young adults are also financially supporting their parents, particularly those with lower incomes.

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