Tag

Financial Dependence

All articles tagged with #financial dependence

finance2 years ago•2 min saved

"Financial Dependency: The Reality for Most Gen Z and Millennials"

A Pew Research Center study reveals that over half of adults aged 18 to 34 rely on financial support from their parents, with Gen Zers 18 to 24 being the most dependent. Factors such as student debt and increased mortgage debt have contributed to these generations struggling to achieve financial independence. Additionally, experts note that financial and cultural changes are causing young adults to delay key milestones such as marriage, homeownership, and starting a family.

via New York Post |

#finance #financial-dependence #gen-z

lifestyle2 years ago•3 min saved

Former Child Prodigy Relies on Parental Allowance, Rejects Employment

Zhang Xinyang, a former child prodigy in China, has chosen to live without a regular job and rely on his parents for financial support. Despite early academic success, Zhang's struggles with standardized tests prevented him from attending top universities. He demanded a 2-million-yuan ($280,000) apartment from his parents before pursuing his Ph.D., but they compromised by renting him a flat instead. After completing his doctorate, Zhang resigned from his teaching job and now relies on an allowance from his parents for daily expenses. He claims to be content with his frugal lifestyle and believes that working for others would not lead to financial freedom.

via NextShark|

#financial-dependence #frugal-lifestyle #lifestyle