Faced with years of skyrocketing housing and renting prices, 50 percent of millennials think their parents should help them pay rent while they save money toward the eventual purchase of a home, a recent exclusive poll found.
The poll, conducted by Redfield & Wilton Strategies between February 18-19 among a pool of 1,500 eligible voters in the U.S., found that, across all generations, 43 percent of respondents believed that parents who can afford to help should assist children with covering rental costs.
Millennials—those born between 1981-1996—were by far the generation with the highest rate of respondents saying parents should help shoulder the cost of adult children’s rent, with 50 percent saying they should so if they can afford to help.
The poll’s results could play into the widely shared, mocking narrative that millennials are financially irresponsible and lazy.
But an overwhelming majority of respondents, 69 percent, across all generations agreed that it is harder for young people to buy a home now than it was for their parents’ generation—and numbers back up that belief.
Read more at Newsweek.com
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