Young adults from affluent families are more likely to live at home than their poorer counterparts, a new study from Australia’s Melbourne Institute has found (via the Wall Street Journal). Three quarters of 20-year-olds from wealthy backgrounds live at home, while less than two-thirds of young adults whose families used welfare still rely on them for financial support, the report finds.
Wealthy Young Adults More Likely Than Poorer Peers To Live At Home W/ Parents
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