Almost Half of Millennials Still Get Financial Help from Their Parents
The oldest millennials are now pushing 40, and they still sometimes need their parents to bail them out in this financially broken world.
According to a new study, almost half of millennials say their parents still help them out financially on a monthly basis.
Almost 18% say their parents pay for their cell phone, 10% groceries, 6.5% rent, 6% health insurance, and 6% gas.
So what's the biggest thing that's keeping them from being financially independent?
Nearly 40% blame their low salary, 25% say it's their rent or mortgage payment, another 25% blame student loans, 9% say it's the cost of raising kids, and 2% say it's the cost of taking care of their aging parents.
Read more at Money Under 30.