 Even well-to-do millennials are getting handouts from mom and dad.
A survey of 1,000 millennials ages 18-34 released Wednesday by Bank of America and USA TODAY found that “it’s not just the young, out-of-work millennials who are getting help from their parents or family members.” And “many respondents making more than $75,000 per year indicated they have received financial assistance as well” – and it’s not just to help them buy larger purchases like a home. Millennials making $75,000 a year are taking money from their parents to pay for basics: One in four has had their parents pay for their groceries, and more than one in five has received money for clothing. So what’s going on here? While some will, no doubt, say it’s because the millennial generation is entitled, there may be a few other (dare we say, better) explanations. |
Even with job and spouse millennials still getting money from parents
