Americans may not reach financial independence until age 37 — and a viral trend
As you grow up, it's easy to picture your life's trajectory: finish high school, go to college, graduate, get a job and start living in the world on your own as
As you grow up, it's easy to picture your life's trajectory: finish high school, go to college, graduate, get a job and start living in the world on your own as an adult.
Unfortunately, this isn't the reality for many Americans. According to Northwestern Mutual's Planning & Progress study (1), the average age Americans say they achieved —or expect to achieve — financial independence is 37. This is approximately 20 years after the average American's high school graduation.
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The study also found that 53% of millennials and 72% of Gen Z are not fully financially independent from their parents. But it's not just younger generations that are feeling a strain on their financial independence, 22% of both Gen X and Boomers and older do not expect to become financially independent, ever.
Despite these statistics
Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/articles/americans-may-not-reach-financial-100000763.html)
Esta información no constituye asesoramiento de inversión. Consulte con un profesional antes de tomar decisiones financieras.