Some 74% of affluent Millennials (21-36) report having received financial support from their parents after finishing college, finds UBS in its Q2 2016 Investor Watch, more than double the share of Boomers (35%) who say they received assistance from their parents at that time. Millennials most commonly receive support for health insurance (29%), home buying/renting (28%), and auto insurance (26%), per the report, which also finds 63% having moved back home after finishing college. (more…)
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3 in 4 Affluent Millennials Received Financial Support From Parents After College
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