Number Of Teens Expecting To Depend On Parents Into Adulthood Has Doubled Since 2011

Number Of Teens Expecting To Depend On Parents Into Adulthood Has Doubled Since 2011

March 30th, 2013

Via: Consumerist:

In what could be an indicator of either a massive drop in teens’ financial prospects or the fact that teens today are getting more realistic about their financial futures, a new survey shows that the percentage of teenagers who expect to remain dependent on mom and/or dad until at least age 27 has doubled in just the last two years.

In 2011, only 12% of respondents to the Junior Achievement Teens and Personal Finance Survey said they would probably be financially dependent on a parent or guardian until the age of 27. According to the newly released 2013 survey [PDF], that rate now stands at 25%. Meanwhile, those who are completely unsure of when or if they will ever be dependent has jumped from 1% in 2011 to 11% in 2013.

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