Posted by Austin Schippers | Posted in Financial Advisement, Personal Finance | Posted on 09-05-2016
Tagged Under : auto insurance, baby boomers, finance, financial guidance, financial support, generations, health insurance, home purchases, independent, millennials, parents, surveys, utilities, wealthy
Millennials are a difficult topic to talk about. Baby Boomers seem to hate them, others seem to love them, and the small generation in between just seems to be confused by them. I mean, you can’t please everybody, right? They are seen to be this new generation of kids who are independent, free-spirited, and have passion for everything. But did you know that that’s not always the case? Some of these “independent” kids aren’t nearly as ready for the real world as they thought they were, and have to still rely on financial support from their parents. Talk about a real momma’s boy or daddy’s little girl.
The Numbers Don’t Lie!
Even the most successful millennials still look for help from their parents. Now no one ever said that it was wrong to get help from mom and dad, but with all of their success, you would think they wouldn’t need it. Out of 1,131 people surveyed, a whopping 74% of millennials still rely on their parents. This number was taken from 21-29 year olds with an income of $100,000 or more, and people aged 30-36 with at least $250,000. That means that of the 1,131 people surveyed, 837 of them, need help from mommy and daddy. Eight hundred. And thirty seven.
Here’s What The Millennials Need
Although parental guidance is needed for a lot of millennials, no one ever said that it was necessarily a bad thing. Maybe it’s not parental guidance that they’re looking for, but guidance and financial help in general. It seems as though the four places that millennials need the most help with is in auto insurance, utilities, home purchases, and health insurance:
- Auto Insurance – Click here to find out the percent of people who needed financial help with their auto insurance.
- Utilities – Want to know the percent of people who needed help with utilities? Click here!
- Health Insurance – With one of the biggest percentages received, click here to see how many people needed help with health insurance.
- Home Purchases – Millennials still need help purchasing a home. Click here to find out how many!
As it’s pretty obvious, there are many millennials out there that are already successful, but maybe it’s time to stop turning to mom and dad for help, and go to the services that can help you be even more successful.
To gain access to the best auto insurance premiums, click here.
To get your finances in order, click right here.
Want to learn more about health insurance? Click here.
Need to register to buy a home? Click here.