Adulthood More About Financial Freedom Than Age for Millennials


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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