“A third of 30-somethings and more than a fifth of those in their early 40s receive “significant, ongoing” financial support from their parents”

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So these younger people pay payroll taxes which then are funneled via Social Security to their parents who then funnel it back to their kids. This makes sense.

(From The Fiscal Times)

Young adults who graduate from college but still rely on their parents for financial support have become commonplace since the Great Recession, but a new report finds that the arrangement can last for decades…

…The report found that 35 percent of all adults ages 21 to 45 receive financial support from their parents. Of those, more than two-thirds said that they could not get by without their parents’ help.

Click here for the article.