Nearly Half Of Early-20s Millennials Still Get A Monthly Housing Allowance From Mom And Dad

In an age when our pampered, snowflake millennials can’t manage to engage in a simple conversation with someone holding a dissenting opinion, at least not without being “triggered” repeatedly by a barrage of “micro-aggressions”, let along determine their own gender absent a pamphlet from their enabling college of choice, it should come as no surprise that nearly half of young adults between the ages of 22-24 receive monthly housing allowances from their parents.
According to a study by Patrick Wightman of the University of Michigan, roughly 40% of millennials between the ages of 22-24 receive an average of $3,000 from their parents every year. Per the New York Times:
According to surveys that track young people through their first decade of adulthood, about 40 percent of 22-, 23- and 24-year-olds receive some financial assistance from their parents for living expenses. Among those who get help, the average amount is about $3,000 a year.
It’s a stark reminder that social and economic mobility continues past grade school, high school and even college. Economic advantages continue well into the opening chapters of adulthood, a time when young people are making big personal investments that typically lead to higher incomes but can be hard to pay for.

This post was published at Zero Hedge on Feb 9, 2017.