Young adults' financial independence | Pew Research Center

Jan 25, 2024 · Among the key findings: 45% of young adults say they are completely financially independent from their parents. Among those in their early 30s, that share rises to 67%, …

CouponFollow Extension

45%
OFF

Young Adults' Financial Independence | Pew Research Center

1 week from now

Jan 25, 2024 · Among the key findings: 45% of young adults say they are completely financially independent from their parents. Among those in their early 30s, that share rises to 67%, …

pewresearch.org

$5677
OFF

Pew Study Finds Wealth Gap Between Whites And Blacks Is At

1 week from now

Aug 1, 2011 · The Pew study, released on Tuesday, July 26, found that the typical black household had just $5,677 in wealth (assets minus debts); the typical Hispanic household had …

patch.com

72%
OFF

Most In U.S. Say Young Adults Face More ... - Pew Research Center

1 week from now

Feb 28, 2022 · About seven-in-ten Americans think young adults today have a harder time than their parents’ generation when it comes to saving for the future (72%), paying for college …

pewresearch.org

64%
OFF

2019 Family Study | Pew Research Center

1 week from now

Financial independence is one of the many markers used to designate the crossover from childhood into young adulthood, and it’s a milestone most Americans (64%) think young adults …

pewresearch.org

63%
OFF

On Cryptocurrency, 63% Of US Adults Not Confident ... - Pew …

1 week from now

Oct 24, 2024 · Just 5% of adults are extremely or very confident in cryptocurrencies, and 18% are somewhat confident. These findings are largely similar to what the Center found in March …

pewresearch.org

48%
OFF

The State Of The Asian American Middle Class - Pew Research Center

1 week from now

May 31, 2024 · The share of Asian Americans who are in the U.S. middle class has held steady since 2010. In 2023, 48% of Asian Americans lived in middle-class households, about the …

pewresearch.org

FAQs about Young adults' financial independence | Pew Research Center Coupon?

When should young adults reach financial independence?

Financial independence is one of the many markers used to designate the crossover from childhood into young adulthood, and it’s a milestone most Americans (64%) think young adults should reach by the time they are 22 years old, according to a new Pew Research Center study. But that’s not the reality for most young adults who’ve reached this age. ...

What percentage of young adults are financially independent?

Pew analyzed Census Bureau data, including annual income, to find that just 24% of young adults could be considered financially independent by 22, compared to 32% in 1980. It also finds that 45% of adults between the ages of 18 and 29 say they receive financial help from their parents, while 59% of parents say they support their adult children. ...

Do young adults get financial help?

Young adults ages 18 to 24 are more likely than those ages 25 to 29 and 30 to 34 to say they’ve received financial help from their parents in each of these five areas in the past year. A majority of parents with children ages 18 to 34 (59%) say they gave financial help to a child in this age range in the past year. ...

Are young adults financially reliant on their parents?

Overall, young men are more likely than young women to be financially independent, but this gender gap has diminished significantly. The new survey findings underscore the extent to which many young adults are financially reliant on their parents. ...

How do parents influence a young adult's personal finance habits?

79% of young adults get help from their parents to manage their finances. Young adults are more likely to save than spend extra money. 52% of young adults work more than one job. 1 in 3 young adults say their parents were the biggest influence on personal finance habits. ...

What is a good age for financial independence?

That said, the typical age of financial independence should be between 20-23 years old, according to a Bankrate survey. Break the numbers down by cost category, and differences of opinion can be pretty wide. For example, people expect young adults to cover bills like cell phones, credit cards and car payments and insurance by age 20. ...