November 28, 2007
Posted by DanielleR
Recently, I've seen young adults not long out of college (less than 5 years or so) in a variety of different financial states. Some are doing very well, supporting themselves, saving monthly, and even putting money into a retirement account. Others are still living with (and/or receiving monetary support from) their parents. Is there a "norm" age when people reach financial independence? Are young adults who still receive help from their parents "behind" or are those who are making it on their own "ahead"?
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November 28, 2007
Posted by adamsjak
( 0 ratings )
The average student borrower graduates with over $30k of debt, almost three and a half times the figure a decade ago and the number is on the rise far surpassing the rate of inflation. More than 60 percent of recent graduates move back in with mom and dad after graduating. Times are tough (getting into college isn't hard enough these days)...
Financial independence is a beautiful thing and is a great goal to strive for after graduating. And so is being debt free. I say that because, I believe it is reasonable to receive help from your parents to avoid unnecessary burned or a pointless delay in a person's professional and life progress. Why have the added stress and demands preventing or delaying you from doing what your capability allows. Of course, parental financial assistance can be abused by irresponsible people on either the parent or recent graduate side of the equation. Balance, balance, balance...
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