Once parents were supposed to take care of their kids until they left home. Now Mom and Dad are subsidizing their offspring well into their adult years. A new study says these days, leaving home is optional, and the money flows to most young adults even if they do make their way into the big, wide world.
Just how much are parents supporting their grown children? Here, a by the numbers look:
65 Percent of young adults (age 19-22) who live at home for a significant part of each year
42 Percent of all young adults who get help paying their bills (average $1,741 a year)
22 Percent who get help with their rent (average $3,937 a year)
82 Percent of high-income parents (earning $99,910 or more a year) who dole out help
$15,449 Average annual assistance from the high-earners
47 Percent of low-income parents (earning less than $37,274 a year) who provide assistance
$2,113 Average annual assistance from low-income parents
(Source: theweek.com)
Out-dated work model
One reason women earn less than men is that many of them have opted out of workplaces that follow the traditional masculine work model. These cultures don’t give women the flexibility they need to earn incomes and thrive at work while also raising a family. Until more companies create a positive culture that supports women by offering flexible hours, the option to work from home, etc., women will continue to look for alternatives to climbing the corporate career ladder.
You have every right to ask for a salary that you deserve.
- Do your salary research before the interview (check out http://www.salary.com/). Know what you are worth but be realistic.
Your favorite TV characters not only have engrossing personalities, they have on-screen jobs with incomes that vary widely. How much does your favorite TV character earn?
