Megan E. Patrick

Wightman, Patrick, Schoeni, and Schulenberg find today's young adults get more financial support from parents than young adults in 1980s

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"Nearly half of young millennials get thousands in secret support from their parents" - CNBC. 2/10/2017.

Using data from ISR's Monitoring the Future, former PSC trainee Patrick Wightman and PSC researchers Megan Patrick, Bob Schoeni, and John Schulenberg found that twenty-somethings were more financially dependent on their parents than their counterparts in the 1980s. Specifically, less than half of this group received parental support in the 1980s, but nearly 70% did by 2010. The researchers examined differences in support given to young adults based on their employment, marital, and educational status and by family SES.

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Researchers:

Megan E. Patrick
Robert F. Schoeni
John E. Schulenberg

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