More than 40 percent of young adults between the ages of 25 and 32 who don’t live at home still receive some sort of financial help from their parents. This lack of financial independence was analyzed in in the journal Social Currents by Anna Manzoni, an assistant professor of sociology at North Carolina State University. Manzoni also found that attending a four-year educational institution makes people more likely to rely on mom and dad, especially those from higher socioeconomic backgrounds. Notably, those who received financial aid from their parents during college are also more likely to live with their parents post-grad than those who paid for school on their own.
Wednesday, April 13, 2016
40 percent of young adults who live on their own still get money from parents
Source: Yahoo! Finance
More than 40 percent of young adults between the ages of 25 and 32 who don’t live at home still receive some sort of financial help from their parents. This lack of financial independence was analyzed in in the journal Social Currents by Anna Manzoni, an assistant professor of sociology at North Carolina State University. Manzoni also found that attending a four-year educational institution makes people more likely to rely on mom and dad, especially those from higher socioeconomic backgrounds. Notably, those who received financial aid from their parents during college are also more likely to live with their parents post-grad than those who paid for school on their own.
More than 40 percent of young adults between the ages of 25 and 32 who don’t live at home still receive some sort of financial help from their parents. This lack of financial independence was analyzed in in the journal Social Currents by Anna Manzoni, an assistant professor of sociology at North Carolina State University. Manzoni also found that attending a four-year educational institution makes people more likely to rely on mom and dad, especially those from higher socioeconomic backgrounds. Notably, those who received financial aid from their parents during college are also more likely to live with their parents post-grad than those who paid for school on their own.
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