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Gen X, Millennials Still Lean on Parents for Money

Adults from Gen X and the Millennial generation continue to rely on their parents for money. This trend is driven by debt, rising costs, and housing pressures. Some older Gen X members near age 60 remain on family payrolls.

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What changed

New data identifies specific economic pressures and age demographics contributing to parental dependency.

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  1. Gen X and Millennials Increasingly Dependent on Parental Financial Support

    Adults from Gen X and the Millennial generation continue to rely on their parents for money. This trend is driven by debt, rising costs, and housing pressures. Some older Gen X members near age 60 remain on family payrolls.

    What's confirmed:

    • Gen X and Millennials are relying on their parents for financial support.
    • Housing pressures, debt, and rising costs are driving the increase in adults relying on parents.

    Still unconfirmed:

    • 70% of employed 25 to 34-year-olds still live at home with their parents.
    confidence 80%