The kids of the youngest gen x/oldest millennials are super lucky though, I have two coworkers in that category and they’re paying for cars, rent, living expenses, and are taking on the school debt for their adult kids (who have graduated college and are currently working).

I think this might be necessary now to give your kids a good chance, but there’s no way my parents could have bought a car for me and each of my siblings, let alone pay for college and rent through our twenties. Expectations for what the parents are responsible for has shifted drastically.

Your personal anecdotes cannot be applied to an entire generation.

No. They can. There is clear stats on this. 53% of first time home buyers in the millennial generation, had parental assistance in buying their first home. If your parents did help you buy your first house, you’re in the minority of millennials.

And in my personal experience that totally tracks. Most people I know my own age… had parental help buying homes. But they do not talk about it at all, because they know it’s shameful. They still look down on people who don’t own homes though!

I’ve taught in poorer locations in the Midwest. Ton of college students in those sorts of areas are going to get zero assistance from their families. When you look at need-based metrics for scholarships and the like you will have a ton of people whose familys compute to a negative contribution to their education.

Yes, I know. I was one of those students. Though I’m not from the Midwest.

But here on the East coast, people like us are a minority of the college population. Only 30% of the students at my undergraduate were on financial aid. 70% were paying full price.