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They’ve been called lazy, and accused of freeloading off their parents, but it looks like Millennials have been quietly financially supporting Baby Boomers all along.

Nov 14 2019

They’ve been called lazy, and accused of freeloading off their parents, but it looks like Millennials have been quietly financially supporting Baby Boomers all along. According to a BuzzFeed News analysis of the U.S. Census Bureau data, 1.4 million Millennials supported their parents in 2016—a figure nearly identical to the number of Baby Boomers who supported their grown Millennial children. Layoffs, lack of retirement plans, and deteriorating health are just some of the reasons Boomer parents have had to turn to their children for support. (BuzzFeed)