Intergenerational Transfers

Millennials Who Are Thriving Financially Have One Thing in Common

Millions of America’s young people are really struggling financially. Around 30 percent are living with their parents, and many others are coping with stagnant wages, underemployment, and sky-high rent. And then there are those who are doing just great—owning a house, buying a car, and consistently putting money away for retirement. These, however, are not your run-of-the-mill Millennials. Nope. These Millennials have something very special: rich parents. Continue Reading