Comment by yesfitz
3 hours ago
I went to the source[1] referenced by the article and found the exact question. It took about 90 seconds.
"How financially independent you currently feel from your parents (meaning you could support yourself without them if needed)"
1: https://news.northwesternmutual.com/planning-and-progress-st...
According to that 17% of boomers+ are dependent on their parents. Just looking at boomers, that is around 70 on average. How many people that age even have parents still alive, let alone financially depend on them?
I'd speculate (based on a study I've recently been made aware of) about 17%.
Boomers can be trust fund babies too.
Not only that, if you're a single boomer with a living parent and neither of you have much other incomes its probably better to cohabitate in that old family house that was paid off in the 90s and share what little benefits you both receive.