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Millennials Feel Shame Asking Their Parents for Money
Posted
July 2, 2023
Views
4,831
Likes
78
Comments
16
Engagement
1.95%
July 2, 2023
4,831
78
16
1.95%
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0:59Now PlayingMillennials 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.
At the same time, two-thirds feel ashamed when they have to ask their parents for financial assistance, with 70% of millennials feeling this way, according to the survey.
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