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New Report Says 20 Of Millennials Are Helping Financially Support Their Parents - Latest News


New report says 20% of Millennials are helping financially support their parents

How do you answer that age-old question, “What if you won the lottery?” Usually, when I daydream about suddenly having $1 billion (because that’s about how much money one wins in the lottery, right?), ... read more

1/5 of Millennials financially support their parents, says new survey

A new study from TD Ameritrade ... So much for that "living in their parents' basement" narrative. “Roughly 20% of Millennials that we surveyed are providing financial support to their parents,” Sadow... read more

Why more millennials are becoming caregivers

More than half of caregivers do not feel qualified to provide physical care, according to Genworth Financial. This includes helping a loved one bathe, eat or manage their ... millennials. But for Levi... read more

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Why so many financially independent adults are still on their parents’ phone plans

“I don’t think anyone under 30 should be embarrassed about getting a little financial support ... say it’s not a big deal and they are happy to be able to ‘help me out.’” There’s also the difference i... read more


Millennials Stare Into the Void, and Gillette Stares Back

“Commercial life is so much a part of the cultural landscape, compared to 20 to 30 years ago,” she says. “Given that fact, and given that Millennials are ... by extension, its financial support) from ... read more

Millennials: Confident. Connected. Open to Change

Most Millennials have placed privacy boundaries on their social media profiles. And 70% say their tattoos are hidden beneath clothing. (See chapters 4 and 7 in the full report) Whether as a by-product ... read more

Children of Millionaires Want to Inherit Parents’ Values More Than Their Wealth, Wells Fargo Survey Finds

Nearly one in three (31 percent) say parents use money to reward and punish them, 24 percent say they see favoritism with some of their siblings over money, and 19 percent report conflict ... our cust... read more

San Diego millennials show their nerdy business models

I made like $20-$30 thousand in the past five months. It’s still my first year, and I feel like I can do a lot better managing my money. I’m going to see a financial manager to help me with that.’” Ce... read more

NY’s Leaders Pledged to Support ‘Innovation’ to Get Amazon Here. What Exactly Does That Mean?

And taxes are a big deal, too: Amazon’s SEC report says that ... might be able to help itself quite a bit. For Carlucci, the worrying thing is not Amazon’s looming larger physical presence in New York ... read more

Millennials Outperform Everyone in Saving, but It’s Not for What You’d Think

Millennials ... their parents “always” or “often” for advice on financial matters, perhaps parents should be consulting their children. The report found every generation views their elders as superior ... read more

Millennials in Adulthood

Despite their financial burdens, Millennials are the nation’s most stubborn economic optimists. More than eight-in-ten say they ... this report are based primarily on data from Pew Research Center sur... read more

1/5 of Millennials financially support their parents, says new survey

A new study from TD Ameritrade finds that 22% of Americans are helping support an aging parent or an adult child, and sometimes both. And we're not just talking about Baby Boomers. read more



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