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Purse Strings Aren't Quite Snipped for Gen X, Millennials

A significant number of adults from Generation X and the Millennial generation still receive money from their parents. New survey data indicates that this financial dependence persists even among older members of Gen X.

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New survey data from Northwestern Mutual identifies the specific proportion of adults still receiving family funds.

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  1. Gen X and Millennials Continue Relying on Parental Financial Support

    A significant number of adults from Generation X and the Millennial generation still receive money from their parents. New survey data indicates that this financial dependence persists even among older members of Gen X.

    Still unconfirmed:

    • Northwestern Mutual survey data finds that a third of adults in these generations are still on the family payroll.
    • Some members of Generation X near age 60 continue to receive financial support from parents.
    confidence 70%