Parents Pay at Least One Monthly Bill for 40 Percent of Millennials

The Hill

In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills.

And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their rent, and 17 percent say parents cover a mortgage.

Smaller shares of the 26-to-41 year old demographic reported parental help with groceries (22 percent), utility bills (19 percent), auto insurance (18 percent), car payments (16 percent) or streaming services (12 percent).

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