Posted 1/25/2024, 3:16:55 PM
Financial Independence Delayed for Today's Young Adults
- More young adults financially dependent on parents, with only 45% completely independent
- Young adults taking on more debt than previous generations, especially student loans and mortgages
- More young adults living at home with parents compared to the 1990s
- Young adults delaying major milestones like getting married and having children
- Financial challenges and shifting cultural norms contributing to delayed independence