More than half of 20-somethings still count on money from their parents to pay their bills
Get the Full StoryFrazer Harrison Getty ImagesMore than half of Americans aged 21 to 37 have received financial assistance from a parent, guardian, or family member, according to Country Financial.
Many are using this money for everyday needs, such as groceries and rent.
This cohort also leaves the nest later in life — 35 still live at home with their parents.
The latest is in regarding the myriad financial struggles millennials are facing: More than half of Americans 53 aged 21 to 37 have received financial assistance from a parent, guardian, or family member since turning 21, according to the latest Country Financial Security Index.
About 37 receive money monthly, and more than half 59 receive money a couple times a year. Many are putting this money toward basic needs, both small and significant, like cell phones, groceries and gas, health insurance, and rent.See the rest of the story at Business InsiderNOW WATCH: How this couple saved enough to pay for their own wedding while living in New York CitySee Also:People assume trust-fund babies are spoiled 20-somethings born with silver spoons but they're not always who you thinkThe 21 best places to celebrate the 4th of July this year, ranked from most to least expensiveTiger Woods is staying on his 20 million yacht in the Hamptons during the US Open here's where his boat ranks among the biggest celebrity yachtsSEE ALSO: 7 ways life is more expensive today for American millennials than previous generations
DON'T MISS: The 'lost generation' of millennials born in the 1980s may never be as rich as their parents
Share: