Kids from high socioeconomic background more likely to rely on parental help as adults

Monday, November 30, 2015 - 17:20 in Psychology & Sociology

Research from North Carolina State University finds that more than 40 percent of young adults no longer live with their parents, but still receive at least some financial support from mom and dad - and this is particularly true for grown children from higher socioeconomic backgrounds. The bad news for college students is that attending a four-year education makes them more likely to rely on parental financial support - but the good news is that attending college also makes them more likely to become completely independent over time.

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