Young Adults Need HELP
New study uncovers some devastating facts about the economic status of young Americans:
- 62% of young adults ages 19-22 rely on their parents for financial support. 42% of parents pay for bills and 22% help with rent.
- 25% of millennials (young adults age 18-34) aren’t making enough money to meet basic needs.
- Most high-earning parents give financial help to their young adult children. Less than 50% of low-income do the same (if they can).
(Source: huffingtonpost.com)