If Your Parents Are Still Paying Your Bills, You're Not Alone

Bloomberg reports:

In 2015, 36 percent of parents said in a poll published this week that they expect to support their child for more than two years after graduation, up from 18 percent the year before. More than 16 percent think that arrangement will last more than five years, according to the poll, conducted by massive education lender Sallie Mae. According to a report published last month by Bank of America, 40 percent of millennials regularly receive financial assistance from their parents. Financial advisers have taken to warning clients their grown children may destroy their hope for a secure retirement.

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