Most Young Adults Rely On Parents For Money, The Costliest Paintings, How To Buy A Thoroughbred And More

Thursday, May 3, 2012 I Get By With A Little Help From Mom And Dad Here's another sign that young people are struggling to make it on their own. Of young adults between the ages of 19 and 22, 62 percent rely on financial help from their parents, according to new research by Patrick Wightman, a postdoctoral fellow at the University of Michigan, cited by USA Today. On average, a young adult taking cash from mom and dad receives $12,185 per year. The Scream Isn't Actually The Costliest Painting How To Get A Kentucky Derby Winner On The Cheap WATCH: Mom Finds Meteorite Worth Thousands How Facebook, Twitter Make You Spend More: Study Look: Here's What's On Sale This Month BLOG POSTS Matthew Ross Smith: What Student Debt Looks and Feels Like From a Graduate's Perspective I offer this screenshot as a small window into what student debt looks and feels like from the graduate's perspective. Just look at the "Amount Applied to Interest Column." Half a decade worth of payments later, I still owe over $1,000 more than the original amount I borrowed. Jed Kolko: Rising Home Prices: Coming to a Market Near You Not only are rising prices starting to look like a real trend, they're also coming to a market near you -- if they haven't already. Asking prices increased year-over-year in 44 out of the 100 largest metropolitan areas, with Miami and Phoenix leading the charge. Liz Ryan: Your Story Is Your Brand I nearly shouted. "Everyone says the same things -- savvy, strategic, seasoned, results-oriented, hard-charging, self-motivated, blah blah blah. Adjectives aren't going to do it. You're going to have to tell your story." Don McNay: Is 401(k) a Ticking Time Bomb? 401(k) plan investments are a primary driver of the investment markets. They are also the reason that many people are pacing the floors at night, worrying if their retirement will get delayed or destroyed. Richard Barrington: The Fed Shows a Steady Hand in Stormy Seas Disturbing as some of the March economic data has been, it is just one month, and that does not constitute a trend. It would be unsettling to the economy and the financial markets if the Fed shifted direction with every twist and turn in monthly data.

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