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anthonypasqtoday at 5:48 PM5 repliesview on HN

I think the word "rely" is doing some heavy lifting here. Still being on your parent's family phone plan doesnt mean youd be destitute if they werent helping you out.


Replies

yesfitztoday at 6:08 PM

I went to the source[1] referenced by the article and found the exact question. It took about 90 seconds.

"How financially independent you currently feel from your parents (meaning you could support yourself without them if needed)"

1: https://news.northwesternmutual.com/planning-and-progress-st...

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butliketoday at 6:27 PM

I don't know, that one doesn't seem as benign as your making it out to be. I would say if you're having your parents subsidize your phone bill you're still not technically living on your own.

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dclowd9901today at 6:59 PM

Yet, with 37% of people being only a $400 surprise cost away from financial destitution, you might be completely wrong.

https://www.investopedia.com/here-s-how-many-americans-can-t...

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burningChrometoday at 6:45 PM

>> Still being on your parent's family phone plan doesnt mean youd be destitute if they werent helping you out.

I think there's some important things like this that should be considered. In the late 90's early aughts, I didn't need a laptop, smartphone and 24/7 internet access with 1GB download speeds or half the technological stuff kids need these days to be a contributing member of society.

Now those are all standard items for kids growing up. When I was in college in 2000, life was pretty easy. I paid $350/month for rent, cable, heat and landline phone. That was literally my entire financial costs for the month. Beer, going out to the bars, random things here and there? Easy to cover when you're making $10/hour working 35 hours a week.

Now? Your basic needs will consistently run $1,500 for all of the stuff you need to function into today's society. Having your parents covering some of that in order for you to live on your own I think is not abnormal any more.

As a Gen Xer, we had it really good. I've started to realize kids these days are put at a massive disadvantage because we require everything to be accessible via the internet and smartphones.

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alphawhiskytoday at 7:13 PM

I think that the vast majority of people who are "relying" on their parents for finances actually belong to the upper class. Family Feudalism has bred two consecutive generations of entitled shitheads, and these people are gonna have the wheel soon (if not already) in the US politically. This has concerning potential consequences.