Adulthood More About Financial Freedom Than Age for Millennials

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Adulthood More About Financial Freedom Than Age for Millennials

Oct, 14th 2016

For millennials, feeling like an adult may no longer be about starting a family and buying a house, but rather landing a job and not asking mom and dad for allowance anymore. A new Bank of America Better Money Habits report, released Oct. 6, found "financial independence" was the top priority of about 40 percent of the 18-26 year olds they asked to define adulthood.

Moving out on your own? Just 14 percent. Getting married and starting a family or getting an education? Just 7 percent each.

"It's not so much that young adults are having trouble with adulting - they've simply redefined it," said Michele Barlow, enterprise marketing executive at Bank of America.

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