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Week of Dec. 6th- 40% of young adults who live on their own still get money from parents

December 6, 2015

So much for financial independence — over 40% of young adults between the ages of 25 and 32 who don’t live at home still receive some sort of financial help from their parents.

That’s according to a new paper in the journal Social Currents by Anna Manzoni, an assistant professor of sociology at North Carolina State University, who examined the relationship between parent-child cohabitation and financial support. Using data on 6,471 people between the ages of 18 and 32, Manzoni also found that attending a four-year educational institution makes people more likely to rely on mom and dad, especially those from higher socioeconomic backgrounds.  Read the remainder of the article. 

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