Millennials Worry About Their Parents' Finances

New research shows millennials are more practical than entitled.

An adult woman and her mother walk with arms around each other outside.
(Image credit: Getty Images)

Inheritances might be how you build generational wealth, but according to a new study conducted by Edward Jones and Age Wave research, millennials would prefer that parents manage their own finances to live as comfortably as possible during their retirement years, rather than leave them an inheritance once they've passed away.

The rising trends of millennials living at home with their parents longer and being unable to purchase homes and gain financial independence on their own contributes to retiree-aged parents supporting millennial children for longer. 

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Brittany Leitner
Contributing Writer

Brittany Leitner is a freelance journalist with over 10 years of experience in lifestyle, health, and more. She received a Digital Health Award for her reporting in 2019 as well as numerous awards for her work in poetry. She previously held positions as senior editor at Elite Daily and managing editor at The Dr. Oz Show. Follow her online @britariail.