Even affluent Millennials need financial help from time to time. New data shows 75% of prosperous 21-36-year-olds go to mom and dad for extra cash, and 80% of their Boomer parents say it makes them feel good to help out. Among many things, parents reported providing money for health insurance, home buying and renting, and vacations. They’ve even opened up their homes to assist financially….and because they want their kids back: 63% of Millennials say they have moved back home at some point, with 39% citing saving money as the reason and 22% saying their parents wanted them to. (MediaPost)
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