Millennials Who Are Thriving Financially Have One Thing in Common?Rich parents

[wehateporn]

Millions of America?s young people are really struggling financially. Around 30 percent are living with their parents, and many others are coping with stagnant wages, underemployment, and sky-high rent.

And then there are those who are doing just great?owning a house, buying a car, and consistently putting money away for retirement.

These, however, are not your run-of-the-mill Millennials. Nope. These Millennials have something very special: rich parents.

These Millennials have help paying their tuition, meaning they graduate in much better financial shape than their peers who have to self-finance college through a mix of jobs, scholarships, and loans. And then, for the very luckiest, they?ll also get some help with a down payment, making homeownership possible, while it remains mostly unattainable for the vast majority of young adults.

To start with, most of those who continue their education after high school have families that are able to help financially. A recent report from the real-estate research company Zillow looked at Federal Reserve Board data on young adults aged 23-34 and found that of the 46 percent of Millennials who pursued post-secondary education (that?s everything from associates degrees to doctorates), about 61 percent received some financial help with their educational expenses from their parents.

Continued Millennials Getting Help From Parents Can Afford Homes - The Atlantic

[j3rkules]

Shh, you're supposed to say they worked hard and managed their money well.

[mineistaken]

Wow, so rich parents helping out their kids is some conspiracy and "shocking" news

[CaptainHowdy]

Ok .........