40% of millennials get financial help from their parents

Jillian Berman:

But everywhere I go, I’m followed by a constant reminder that I haven’t completely left the financial nest: My cell phone.

This makes me part of the 40% of millennials who are still getting help from their parents, according to a survey published this week by USA Today and Bank of America Better Money Habits. The survey asked 1,000 adults aged 18-34 whether their parents pitch in on things like rent, credit card and cell phone bills or just regularly send them a check.