Survey: More parents helping pay rent for millennial children

Phoenix Business Journal

It’s no secret that more millennials are living at home than ever before, and many parents are scratching their heads wondering how they’re going to get their kids out of the house before they hit 30.

According to a new survey by Apartment List, many parents have found the answer — and it involves their bank accounts.

Since 2000, home prices have increased 2.4 times faster than incomes for households headed by someone under 35 years old, according to the survey.

What that means for parents…

Source: Commercial News