Young Adults & Financial Support

Parental financial support for college during the transition to young adulthood. Allyson flaster this study provides new insight into enrollment. The result shows that different groups of young adults categorized based on age, gender, education, and income have a significant difference related to financial independence. This article focuses on the association between. We analyze the impact of large and unexpected declines in parents’ income and wealth during and immediately after the great recession on monetary transfers to their young adult children.

Among those in their early 30s, that share rises to 67%, compared with 44% of those.