Nearly Half Of Early-20s Millennials Still Get A Monthly Housing Allowance From Mom And Dad

Tyler Durden's picture

In an age when our pampered, snowflake millennials can't manage to engage in a simple conversation with someone holding a dissenting opinion, at least not without being "triggered" repeatedly by a barrage of "micro-aggressions", let along determine their own gender absent a pamphlet from their enabling college of choice, it should come as no surprise that nearly half of young adults between the ages of 22-24 receive monthly housing allowances from their parents. 

According to a study by Patrick Wightman of the University of Michigan, roughly 40% of millennials between the ages of 22-24 receive an average of $3,000 from their parents every year.  Per the New York Times:

According to surveys that track young people through their first decade of adulthood, about 40 percent of 22-, 23- and 24-year-olds receive some financial assistance from their parents for living expenses. Among those who get help, the average amount is about $3,000 a year.

 

It’s a stark reminder that social and economic mobility continues past grade school, high school and even college. Economic advantages continue well into the opening chapters of adulthood, a time when young people are making big personal investments that typically lead to higher incomes but can be hard to pay for.

Unsurprisingly, the frequency and amount of financial assistance varies greatly depending on each young millennial's chosen field of study.  To our complete shock, "Art and Design" students are the most likely to require help from mommy and daddy and get $3,600, on average, each year. 

The amount of help that parents provide varies by career and geography. Among young people who aspire to have a career in art and design, 53 percent get rent money from their parents. Young people who live in urban centers are more likely to have their parents help pay the rent.

 

The choice of career path matters. Those in the art and design fields get the most help, an average of $3,600 a year. People who work in farming, construction, retail and personal services get the least.

 

Some jobs in science, technology, engineering, management and law have clearer and more substantial payoffs after years of internships and postgraduate training. But pay in art, design and education is low in the early years, and for some people, it remains low.

 

Someone who wants to go into graphic design or marketing requires a fair amount of time to get up to the point where you’re independent,” Mr. Wightman said. “Someone contemplating that kind of career isn’t going to take that first step unless they know they’re going to have that support to take an unpaid internship. If you don’t have other sources of support, that’s not even an option.”

Millennials

 

Of course, the amount of annual parental support required by millennials is also highly dependent upon where they're living.  We can't honestly expect young Johnny or Susie to become wildly successful actors without living in Manhattan or Hollywood, now can we?

Millennial

 

But don't worry, young millennials, we're sure everything will work out in due course...

Millennial

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consider me gone's picture

Aaaahhh, an allowance. That's so sweet.

wee-weed up's picture

All hail the Obozo Economy! Will be fixed by the Trump Economy.

RAT005's picture

I wonder if there isn't some type of privilege involved for that +40%?

OregonGrown's picture

I would pay my millennial(s) an allowance to STAY THE FUCK OUT if I had one too!

toady's picture

My brother-in-law was telling me they give their college junior  $700 a month for an apartment, even though she gets free room & board on campus, plus she could live at home, they're not that far from campus.

Sometimes I think I'm talking crazy pills. 

Heterodox economics's picture

The Daily Mail also published a similar article.

And it just so happens that Wikipedia has decided to prohibit the use of the Daily Mail as a source, calling it "unreliable".

The social justice warriors who are living with their parents and using their free time to edit Wikipedia must really hate news articles like that.

 

Motasaurus's picture

Oh no! The most financially disadvantaged generation since those hitting their 20s in 1931 are getting help from the most financially advantaged generation in the history of mankind.

What a travesty! Quick, someone do something to make it even harder to be a millennial! 

lucitanian's picture

Your sarcasm agreed, but what would be interesting would be to see this the allowance in terms of the percentage of the parents income and a percentage of the young people's.

I would expect that for example the average parent of a young military person earns much less than the average parent of an artist. It would be a way of having a relative view of the sacrifice and benefit on both sides of the generations.

Motasaurus's picture

Artists have always been funded by a wealthy relative. That's how they managed to go live at those fancy art schools in Milan and Paris.

new game's picture

the problem is obvious-the parents; LOL...

Hoi Polloi's picture

Study until 25, investigate until 40, profession until 60, at which age I would have him retired on a double allowance.

ebworthen's picture

Correction:  the Federal Reserve ponziconomy, propped by Obozo and the rest of the Establishment Elites so they can suck the blood out of the Middle Class and destroy America.

Yukon Cornholius's picture

Let's see, there's a law student surplus and a soldier deficit. Hmmmm. Lemme think.

DuckDog's picture

I stopped getting my allowance when I got my paper route in 1974 at the ripe old age of 13, kiss that $0.35 a week away

HRH Feant's picture

I never got an allowance. I was told to get a job. Which is what I did at the age of 12. Took the Red Cross babysitting course and had work for four hours every Friday and Saturday night for years.

divingengineer's picture

Old timer.
I lost my $1.25 a week allowance in 1982.
Had to mow lawns for $4 apiece.
Thought I had hit the lotto.
Good days.
Good memories of a very different time.

LetThemEatRand's picture

Just because I'm an asshole and all of this self-righteous circle-jerk shit annoys me, how did you buy a lawnmower (or was one provided to you)?  

 

DuckDog's picture

I stopped getting my allowance when I got my paper route in 1974 at the ripe old age of 13, kiss that $0.35 a week away

CunnyFunt's picture

I did the papers, too. My parents celebrated my foray into the "real world" by notifying me that I would have to start paying for my digs. From then on, they collected 10% of my income as long as I stayed under their roof. I would under-report my income from the papers, lawn mowing and snow shoveling work, but couldn't get away with it when I took my first "on the books" job as a 16-year-old file clerk at minimum wage. They demanded to see my pay stub!

I thought they were tyrants at the time, as they didn't need the money. But the older I get, the more I appreciate their ways.

HRH Feant's picture

That is so funny that you "under reported" your cash income! HAHAHAHA!

Did you ever tell your parents that?

My parents were the same way. My mother grew up in Maine and she was hard core. She had no sympathy. None. Her attitude was get a job and act right. Jeez she even told us if we got arrested she would thank the police officer and would refuse to bail us out! Thank god I never got into trouble with the law!

CunnyFunt's picture

Lol, no. They would have demanded back pay with interest!

 

BeanusCountus's picture

Like this is a surprise? Only if you believe the gov rhethoric that you are somehow better off than 30 years ago. No inflation you know, nothing to be worried about real wages not increasing since 1970. Not true. And parents are not doing it because they want to. Face it. Your kid making 40k (nice salary) hasnt got a pot to piss in after taxes, healthcare, car payment, rent, internet, phone, utilities, and god help it, the occasional accident of one variety or another.

divingengineer's picture

30 years ago I made $3.35 an hour and had more "fuck around" money than I do now.

BeanusCountus's picture

And that's part of my point. It costs a lot to live in today's world. Better not break a leg, that's 6k. Or have a home when the furnace breaks, another 2k. Or needs a new roof? 5k for a cheap one. Car accident? Another k. Better not have a student loan that allowed you that 40k job.

divingengineer's picture

100% agree.
You're preaching to the choir.

hooligan2009's picture

you have to wonder whether snowflakes in the US are the equivalent of MENA migrants into Germany - parents pay in the US and the state pays in Germany - both have skills that aren't required and big communication problems

nightwish's picture

Money from mom and dad to fund gas trips to picket against trump, yet trump offers the best shot at these clowns going back to work. Brilliant irony.

divingengineer's picture

They'd rather protest for wetbacks to flood in and drive their wages down.
Fuck em.

buzzardsluck's picture

I love millennials. 

They make it so much easier for us old guys to fuck the young gals.

divingengineer's picture

Maybe some day they'll get their gender identity sorted out and we'll be out of business.
Girls from a fatherless home do respect a strong male presence.
Sorry snowflakes, you just don't measure up.

canisdirus's picture

That's more money than anything. They're impoverished. I'm an older Millennial with consistent employment in a higher-income field, so I am painfully aware that I'm a hot commodity to them.

itstippy's picture

Last week I went to Farm & Fleet without Mrs. Tippy to buy a case of motor oil.  The young gal at the checkout (she couldn't have been much over 50) flirted with me!  I was so flustered I fogged up my bifocals.

GeezerGeek's picture

If they are getting help from parents, relatives or friends it is none of my business and I don't care.

If they are getting money from taxpayers it is an outrage and should be stopped.

 

Dragon HAwk's picture

Love to help you out kid, but I'm a little short this month.

Bill of Rights's picture

In the defense of the millennials there is a shit load of dumb fuck Gen X'ers as well so your not alone .

Swamidon's picture

Actually gen-x are Melinnials when one considers they're the result of a change in social theory and practice which occurred in the 70's... you can see the downward generational pressure start there, and thus, Melinnials are 50 and under.  Which incidentally coincides with the period when so called educators began to "socialize" the kids instead of "educate" them.   If you can't think you can't do (and the Melinials prove it).

divingengineer's picture

I feel like I caught the tail end of the good years.
Gen-X.

Northern Lights's picture

Just barely.  As a Gen-X'er, at least we were the last to see how corrupt communism/socialism was.  No way anyone wanted to live like that.  It was so bad, the country that lived on that system changed it's name from the USSR to Russia.  Today's millenial snowflakes embrace socialism.  Poor dumb fucks that they are.

Leotardo's picture

 "No way anyone wanted to live like that.  It was so bad,..."

Knowing  how bad and corrupt it was well enough to talk about it, you apparently experienced life "like that". Or are just now living it, just not in evil USSR?

GunnerySgtHartman's picture

Today's millenial snowflakes embrace socialism.  Poor dumb fucks that they are.

And they will have to learn the hard way that it doesn't work.

canisdirus's picture

I've been carrying these paper experts on my back my whole career. Massively frustrating. I sometimes talk harshly about boomers because they're often assholes and have kept most jobs locked up, but at least the majority are competent. I'd rather work on a mixed boomer/millennial team than a team with any GenX members.

thecondor's picture

America is doomed.

sun tzu's picture

just as planned by the global socialists

shimmy's picture

Getting financial help from your folks isn't automatically a bad thing or a sign the kids are immature twats who expect everything to be handed to them or don't appreciate the help. Now for those that are immature entitled twats, just remember that these snowflakes are going to be running things in a couple decades and will keep reproducing and passing along their genes and will indoctrinate their kids and their kids will do the same thing to their kids. I don't see any way things will ever turn around unless these people are sterilized and/or killed. The worst thing is most millennials and younger are of the snowflake libtard variety so it's not even like they are the minority of young folk.

A lot of this of course falls on the parents and as someone in their late 30s, it doesn't surprise me seeing how a lot of young adults and teens are today given people I know in my age group. My age group/generation is full of idiots and I put a lot of the blame of society's decline on it. 

Basically, our society is doomed.

pitz's picture

Time to send the H-1Bs packing so that US citizens can actually get proper jobs in the IT sector again.

wisehiney's picture

Just do not ask them to walk too far across the room to pick up the cash.

They are not slaves after all.

Sonny Brakes's picture

What would those people fortunate enough to still have a high-quality good paying job, for now, feel about these millennials if they had instead chosen to follow in your footsteps and by doing their very best somehow managed to push you out of your job by accepting to do the same work for less? Maybe the parents of these millennials are doing you a favour and you haven't realised it yet. What if you're a landlord, do you want your tenants to be able to afford their rent or would you rather your unit remain empty? Someone is cashing their cheques so put your money where your love is.