Reply to NYT: 30 somethings still being bankrolled by their parents

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[quote=Anonymous]https://www.nytimes.com/2019/03/02/style/financial-independence-30s.html?action=click&module=Top%20Stories&pgtype=Homepage

[quote]Many are bankrolled, to varying degrees, by their parents. [/quote]

[quote]More than half (53 percent) of Americans aged 21 to 37 have received some form of financial assistance from a parent, guardian or family member since turning 21, according to a 2018 report by Country Financial, a financial services firm in Bloomington, Ill. This may include paying bills for a cellphone (41 percent), groceries and gas (32 percent), rent (40 percent) or health insurance (32 percent).[/quote]

[quote]Then there are the free services. Ms. Palmer, who is 39 and lives near Washington, D.C., said that the free 20 to 25 hours of child care she receives every month from her parents contributed to her family’s decision to have a third child (Dylan Palmer Davé arrived on Feb. 9). If she were to pay a babysitter, Ms. Palmer estimates it would add up to around $6,000 a year.[/quote]

Hi Kim! I'm sure you are an avid forumista!

[quote]Ms. Ho said there was no way she would have been able to amass the $200,000 she has in net assets if her parents, both of whom immigrated from Taiwan to pursue advanced degrees, hadn’t paid for tuition at the University of North Carolina at Chapel Hill, given her close to $100,000 toward buying a condo in Washington, D.C., and continue to give her about $10,000 a year.[/quote]

Hi Iimay! Say hello sometime![/quote]

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