Millennials still getting mom and dad to pay for rent, phone bills

Millennials still getting mom and dad to pay for rent, phone billsMillennials still getting mom and dad to pay for rent, phone billsJust because youre an adult doesnt mean youre independent. Even after they become fully-fledged adults, many Millennials still rely on their parents money to get by. More than half of Millennials ages 21 to 37 get financial assistance from their parents or a relative, Country Financial Security Index reports.For many, Mom and Dad are still footing the billMillennials get their parents to help pay for their phone bills (41%), groceries and gas (32%), as well as urgent day-to-day needs like rent (40%) and health insurance (32%). Although more millennials are beginning to head out on their own and live away from their parents, about 31% of young adults still lived at home with their parents in 2017.Needing their parents help should not be viewed as a failure to launch, but as a signal that Millennials need longer to reach financial independence. Two in five Millennials did not think they would be able to pay for everything on their own until at least age 25.Doyle Williams, an executive vice president at Country Financial, advised Millennials to take the long view if they wanted to reach financial independence Take simple steps such as building an emergency fund, saving for a down-payment on a home, and staying focused on your long-term goals. Doing so will ensure you dont rely on your parents forever.close dialogAdvertisement close dialog/* effects for .bx-campaign-1012255 *//* custom css .bx-campaign-1012255 */.bx-custom.bx-campaign-1012255.bx-type-agilityzone .bx-close z-index 2-ms-keyframes bx-anim-1012255-spin from -ms-transform rotate(0deg) to -ms-transform rotate(360deg) -moz-keyframes bx-anim-1012255-spin from -moz-transform rotate(0deg) to -moz-transform rotate(360deg) -webkit-keyframes bx-anim-1012255-spin f rom -webkit-transform rotate(0deg) to -webkit-transform rotate(360deg) keyframes bx-anim-1012255-spin from transform rotate(0deg) to transform rotate(360deg) bx-close-inside-1012255 top 0 right 0 /* KD - Remove padding from video wrapper and set height to 100% */.bx-custom.bx-campaign-1012255 .bx-row-video .bx-video-wrapper padding-top 0important height 100%.bx-custombx-campaign-1012255 bx-creative-1012255 .bx-wrap height auto/* KD - Change positioning to static as that was not necesaary and here you can adjust the height of the video element */.bx-custom.bx-campaign-1012255 .bx-row-video .bx-video-wrapper video position static/* rendered styles .bx-campaign-1012255 */.bxc.bx-campaign-1012255.bx-active-step-1 .bx-creative *first-child width 100%.bxc.bx-campaign-1012255.bx-active-step-1 .bx-creative background-color transparentborder-style nonemax-width 900px.bxc.bx-campai gn-1012255.bx-active-step-1 .bx-close stroke whitebackground-color blackborder-style solidborder-color whiteborder-width 1px.bxc.bx-campaign-1012255 .bx-group-1012255-AFvXBOB padding 10pxdisplay blockwidth auto.bxc.bx-campaign-1012255 .bx-element-1012255-J0EiS8Y width auto.bxc.bx-campaign-1012255 .bx-element-1012255-J0EiS8Y *first-child padding 2px 4pxfont-size 10pxcolor rgb(255, 255, 255)text-transform uppercasebackground-color rgb(0, 0, 0)background-color rgba(0, 0, 0, 0.34)