Fewer than half of young adults ages 18 to 34 (45%) say they're completely financially independent from their parents, according to a report from the Pew Research Center.
The study revealed significant disparities in financial independence, with only 45% of young adults feeling completely independent from their parents, despite a strong aspirational sentiment towards self-sufficiency.
Young Americans face varying challenges in building wealth based on geographic factors, with states like South Dakota offering favorable employment rates and affordable housing compared to costly environments such as California and New York.
According to CreditDonkey's analysis, South Dakota leads states for young wealth-building opportunities with a score of 79.46, highlighting the state's high employment rate and low housing costs.
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