One Type of Millennial Mooching That Works for Everyone
Maintaining a family calling plan saves money (and prevents an annoying conversation with a mobile carrier).
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Upon graduating from college, newly minted grownups face a slew of bills they may or may not be totally prepared to handle: electric, gas, cable, Netflix, and Sallie Mae, for starters. One charge they can often skip is for their cell phones, as many millennials stay on their parents' plans well into adulthood.
A study by the personal finance website NerdWallet found that 49 percent of mobile phone owners with children over the age of 18 keep their kids on their family service plan. Among those families, 53 percent of children pay for at least a portion of the bill, according to the May 2016 study, conducted by Harris Poll on behalf of NerdWallet. The online poll surveyed 1,619 American adults who have children over the age of 18.