A new study finds that only a third of adults in the United States did not rely on their parents for some form of material support between their late teens and early 40s. The study highlights the extent to which parents and adult children rely on each other for financial assistance or a place to live well into the children’s adult years, challenging popular conventions and expectations about adulthood.
Which is why the gap in generational wealth keeps increasing as the poor don’t have parents who can help them with a down payment.
This is especially true of those of limited means that actually do overcome these massive challenges and come up with enough to buy a house, and government tools that can get that house taken away from them such as Eminent Domain or seizing of houses for property taxes when a municipality uses arbitrary means to determine taxable liability.