Friday August 14, 2020

Comment: Do we rely too much on the Bank of Mam and Dad?

Half of US twenty-somethings are still financially supported in some way by their families, writes Emma Kennedy

28th November, 2016
The Bank of Mum and Dad Pic: Getty

I came across an interesting, if slightly shocking, US survey recently.

Half of US twenty-somethings are still financially supported in some way by their families, according to the findings of the survey by Society of Grownups, a trendy offshoot of the Massachusetts Mutual Life Insurance Company geared at offering financial planning to millennials.

The survey also indicated that just over one third of US adults aged 21 to 45 receive financial help from their family.

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