Due to pandemic, more than 13 million college students are worried about their financial future: study investinyou (In partnership with acorns.)
"Students aren't getting the same bang for their — or their parents' — buck on tuition right now, and nearly 7 in 10 students believe the pandemic will make it harder for them to get a job," said Jill Gonzalez, an analyst at the personal finance site.Even before the pandemic, young adults were increasingly dependent on their parents.
WalletHub's survey of 300 college students in early August found that more than 2 in 5 — roughly 6.4 million — said they now get help from their parents with theirIn 1980, about a third of young adults were financially independent by age 22 or even younger, according to a Pew analysis of Census Bureau data. By 2018, that number dropped to just a quarter.
The difference can be attributed, in part, to overwhelming student debt, which has become one of the major obstacles to financial independence for this generation.
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