MINNEAPOLIS (WCCO) — A new study finds nearly half of millennials receive money from their parents every month.
The study, released by Money Under 30, found that 46% of millennials get some level of financial help from their parents on a monthly basis.READ MORE: D'Angelo Russell's 35 Points Boost Wolves To 121-120 Win Over 76ers In 2OT
While parents aren’t the only source of financial help for millennials, they are usually one of the first to be asked for cash when millennials are running low. Nearly half, 48%, say they turn to their parents first, followed by 13.57% taking out a bank loan and 4.99% saying they’ve taken money from friends.READ MORE: Supply And Drought Issues Impacting Christmas Tree Prices
About a third of millennials, 29.64%, say they have not asked for financial help.MORE NEWS: USA Love List
For more on the survey, click here.