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Updated 3d ago
· 12 sources tracked
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.
What changed
New data identifies specific economic pressures and age demographics contributing to parental dependency.
Live updates
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Gen X and Millennials Increasingly Dependent on Parental Financial Support
confidence 80%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.