Lunchtime Trivia Tuesday, January 31

Q:  When it comes to budgeting and finances,  just over one third of adults surveyed have this in common.  What is it?

A:  Their parents are paying for at least one of their expenses including rent, phone, utilities etc.

More than one third of adults (35%) admit they still have at least one bill on their parents’ tab. According to a new poll of 2,000 Americans, the top three expenses their parents still pay for are rent (19%), groceries (19%), and utilities (16%). In fact, almost one-quarter (24%) of millennials say their parents cover their rent.

About three-quarters of those respondents (72%) vow to take these bills on themselves within the next two years, but 30 percent admit they will be riding their parents’ financial coattails until they’re told otherwise. Another 31 percent are trying to save money, saying it is cheaper to stay on their parents’ plan.

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