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Millennials Feel Shame Asking Their Parents for Money
More than half of respondents in a recent survey of young adults said they were still reliant on their families for financial support.
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Millennials and members of Gen Z are having a hard time becoming financially independent.
Only 28% of millennials (ages 27 to 42) and members of Gen Z (ages 18 to 26) answered “not at all” when asked if they still relied on their parents for financial support, according to a recent study from credit agency Experian. And more than half said they were “somewhat or very” dependent on money from their families.