Almost half of people in their early 20s have a secret, one they don’t usually share even with friends: Their parents help them pay the rent.
1. What is the average amount that about 40% of 22, 23, and 24 year-olds receive from their parents, to help with the rent?
2. How do career choices impact this amount?
3. Do data explain whether this is getting better over time or worse? Discuss.
4. What other demographic factors impact this assistance from parents?
Bui, Q. (2017). A Secret of Many Urban 20-Somethings: Their Parents Help With the Rent. The New York Times, Feb. 9 (Retrievable online at https://www.nytimes.com/2017/02/09/upshot/a-secret-of-many-urban-20-somethings-their-parents-help-with-the-rent.html)