, a financial advisor in Dublin, Ohio: "There's a reason on an airplane they say to put on your own oxygen mask before helping a child." Make sure you are on track with your emergency fund and that you're putting money away for retirement before helping your children.
That's because you can use a number of different loans, scholarships and grants to pay for college, for example, or get a mortgage to buy a house. "Consider the fact that there's pretty much financing available for most life decisions, except retirement,"Millennials recognize that relying on their parents is not ideal. While people may talk about how millennials are "slackers" and how they love living off their parents, that's simply not true, Dychtwald says.
When they can, however, early adults are working to repay the support. While 26% of those ages 18 to 34 say they moved back home for a time, 54% say they make some contribution to rent or household expenses, Merrill found.say they intend to help their parents financially down the road in return. Merrill's survey found that 82% of those ages 18 to 34 say it's their responsibility to let their parents move into their home if the need arises.
CNBC Thanks to 8 years of Obama give it a few years until the jobs really pick up.
CNBC Bc most of them are stoned 24hrs a day
CNBC They didn't do a good job at parenting so they deserve it .
CNBC Boy I wish I was a millennial!!
CNBC The cost of living is so expensive, my son couldn’t afford to live on his own. I know he isn’t happy about not having his independence, but I know he is appreciative for the assist.
CNBC They are raised them up to be losers! Parents fault for making working more important then there kids
CNBC I'm 50. Have had a job since grade 5. It will be very similar with my 2 kids. Not exactly grade 5, I get that. But still can receive pay for some light work before the law says
CNBC The system is out wack No one wants to fix it.
CNBC My kid worked hard, got a 4 year degree, no loans, got a job in her field right away for $32k..... so that’s about $16 an hour. It’s just nowhere near enough to survive on in a top 20 market. Wages are just not keeping up.
CNBC We were helped by my husband’s parents when they couldn’t afford it. When we refused money, they bought food. This was a long time ago. Stop pretending this is brand new, perhaps the scale is different but generational sharing isn’t all bad.
CNBC Oh, but millennial are the generation that only the media focuses on. Meanwhile, GenX and Boomers with alarm clocks are handling their responsibilities while feeding the economy (taxes)...
CNBC Just wait for the next recession. It's going to be very very bad. US standards of living are going to plummet - they have to. Welcome to a new world of riots and socialism.
CNBC They should stay at home with their parents, save money and then be able to pay for themselves.
CNBC And when IRA runs short are their kids going to let them move in? NOT
CNBC No wonder there are so many snowflakes!
CNBC This is why there are no jobs for them! Their parents can’t afford to retire!
CNBC They get to miss out on the character forming stress that forges well rounded adults that can adapt and overcome
CNBC Some of it is this high cost of living gap between the haves and the have nots but some of it is because these melliniaks won’t grow up.
CNBC Life doesn’t always get fix by someone. Stand on your two feet. Get a job and stop bitching about how life is hard. Learn to make it better yourself. Stop depending on others to make it better.
CNBC Are any of those parents looking to adopt? Lol.
CNBC 57nightmares It's fine if the kids truly are trying and still need help, however, I have a problem with those who are lazy and want to sponge off their parents or anyone else. Parents who allow this only harm their kids and prevent them from growing up and being productive adult
CNBC Whoops! You already said that.
CNBC My parents would be aghast at this...I’m so thankful they instilled confidence, independence and a superb work ethic in my upbringing...
CNBC
CNBC That’s why the middle class is choking.
CNBC In principle that ain’t good but as a matter of factly; I’ll do it, any day, any time, as long as I could afford
CNBC This is why they want 'Socialism'. This is what is facing America. These kids cannot chew bubble gum and walk. America is only a decade from becoming a third world nation. We don't need 'Climate' change, we have 'Millennials' destroying America from the inside.
CNBC I’m glad my kids are self-sufficient. And not a leech on society like most Democrats.
CNBC Don’t I know it...
CNBC Cut them off.
CNBC That’s what family does. My parents did it for me. Trump is fixing it
CNBC RogerScottBUZZ we can relate
CNBC Well retire and let someone have a job.
CNBC
CNBC I know many millenials. A mix of underachievers barely making ends meet, couples with great homes and good jobs, people struggling to get ahead and pay their student loans. It's a mix of the economy and services, and life choices. That's not too different from other generations.
CNBC Single dudes 35+ with cash to spend reading this like ..
CNBC And this is why they never really grow up.
CNBC The only sense of entitlement here is in boomer generation, who have left their children a world in worse shape than the one they inherited from their parents. Wealth inequality isn't about working harder, it's about a handful of people hoarding wealth.
CNBC That's what happens when you raise a generalization of ppl to believe they are awesome.. that they never lose.. This is the 'participation award' generation at its finest. SMH.
CNBC I see them driving brand new cars, sometimes with kids in back, still living at parents. How's that not responsibility?
CNBC There is help and then there is enabling.
CNBC Bunch of parasites! And but sure they deserve everything now and has to be now! I’m starting to believe that the lack of values comes from the actual parents rather than the children
CNBC This is why I invest...
CNBC And Socialism is popular with this group. Go figure.
CNBC Wonder why...
CNBC More proof that the voting age should be 21. Young people not financially responsible are not responsible enough to vote.
CNBC 🙂And we admire how our parents love us all with open arms even when we are thirty years old and above.👪Just what makes a happy family cherish these days.
CNBC Any this is why we now have a generation of spoiled, privileged,single-minded, fools.
CNBC This ignores that many millennials would live in poverty if they didn’t have their parents’ support. They’re burdened with student debt and underemployment. Please don’t assume that all Millennials like being dependent on their parents into their 30s
CNBC loser generation
CNBC Retarding your children’s growth to true adulthood...
CNBC Congrats breeder
CNBC Nothing like the country is so great under Trump!
CNBC & this is different from prior generations how? I have 2 brothers, now in their 50s, who my parents supported FOR YEARS by paying rent, car payments & insurance, “mad money” etc...
CNBC Have you no fake news to post? This story getting old!!
CNBC They should have thought about this before fooling around
CNBC I know parents of Gen X ers doing this, just saying
CNBC Millennials seem to have difficulty distinguishing between necessities and wants. It's fine to help not enable. Life is a book of many chapters that have to be written upon the path that one takes in life. Become a shadow to our children, not sole supporter.
CNBC And when it comes time to retire, to live on a set income, will there be a return on that investment? Will the millennials be able to return the favor? Rhetorical question; we all know the answer.
CNBC Yeah,that's it,sacrifice your golden yrs because you failed to get them off their dead asses and fend for themselves!This is the punishment for not forcing them to grow up!Have several friends like this,not me,raised our kids the leave,be productive,be independent! Thank God
CNBC And they strive to work for nbc
CNBC Not my parents. I had to learn the tough way to take care of myself. These are the ones looking down on those of us that still rent while they have their brand new car, brunch every Sunday, and their “own home” bought using mommy’s and daddy’s credit.
CNBC But they think they should vote , wonder so they will be voting for?
CNBC This week on Late Stage Capitalism: U.S. Edition...
CNBC “ages 25 to 34” is not the correct age range for Millenials. Millennial includes people currently aged 23 to 38.
CNBC
CNBC 😎😍
CNBC That's how you created entitled adults.
CNBC This is why they support Bernie Sanders.. He promises them FREE.. HE CANNOT DELIVER THOUGH, HE HAS NOT IN ALL THESE YEARS SO FAR
CNBC How's that degree in social justice workin' out for ya?
CNBC Lame, learn to say “no.”
CNBC Yep, my parents will pay for everything I need, but I'm using my car to get a job and have the money for the kids.
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