Wednesday, March 14, 2012

When Does Adulthood Begin?

One possible byproduct of the economic challenges today's young adults face may be shifting societal norms about when adulthood begins. When asked what age children should be financially independent from their parents in a 1993 survey, 80% of parents said children should be self-reliant by age 22. In a survey conducted in December 2011, only 67% of parents (with children age 16 or under) say their children have to be financially independent by age 22.

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