Study finds millennials receive more financial help from their parents

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HOUSTON, Texas - They say money can't buy you love, friendship or happiness, but it can cheer you up some times.  There's one thing money can guarantee up front and that is financial independence.

Unfortunately, it looks like the cost of independence has grown faster and taller than ever before.  According to the USA Today / Bank of America Better Money Habits survey, millennials, today's young adults, are three times as likely to get financial help from their parents compared to when their folks were starting out.

"My parents do help out more," said Samantha Molina, who came to Discovery Green downtown with friends and family.  "Because they've struggled, they've been there and I feel like they don't want to see us struggle.  They want to see us succeed in life, so they help us more out."

Buying a house, starting a family, paying for Netflix can be tough!  But here's the question, are pennies more difficult to get these days or is it that our lifestyle expectations are out of control?

"The cost of living is more expensive," said Molina.  "It's always good to help out family, but you've got to teach kids to stand on their own," added Houston resident Dwight Burnett.

And how do baby boomers feel about continuing to support their grown-up kids?  Is this what they signed up for?

"I think we were just raised to be a little bit more independent," expressed Chaille Hawkins.  "We all want our kids to succeed.  So, I think that's probably a big factor in why we want to help our kids."

In the end, family relations are priceless.

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