1/2 of adult americans recieve allowances from their parents
1/2 of adult americans recieve allowances from their parents
in image1/2 of adult americans recieve allowances from their p
Lucia Barker, 25, describes her inclination to look up her friends' apartments as "a morbid curiosity" but says the habit has quelled her tendency to compare her own financial situation to those of her peers, particularly when it becomes clear a friend's standard of living is made possible through factors other than their salary—namely, money from their parents. New York Magazine recently reported that nearly half of parents in the US provide financial support to their adult children and that, among American adults under 43, only about one-third support themselves without help from their parents. But despite the fact that parent-subsidized lifestyles have become commonplace, a sense of shame and secrecy surrounding generational wealth persists. "There's such a lack of financial transparency in our world," Barker says. "It's just helpful to know that other people's lifestyles might be because of some other reason."
Lucia Barker, 25, describes her inclination to look up her friends' apartments as "a morbid curiosity" but says the habit has quelled her tendency to compare her own financial situation to those of her peers, particularly when it becomes clear a friend's standard of living is made possible through factors other than their salary—namely, money from their parents. New York Magazine recently reported that nearly half of parents in the US provide financial support to their adult children and that, among American adults under 43, only about one-third support themselves without help from their parents. But despite the fact that parent-subsidized lifestyles have become commonplace, a sense of shame and secrecy surrounding generational wealth persists. "There's such a lack of financial transparency in our world," Barker says. "It's just helpful to know that other people's lifestyles might be because of some other reason."
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