Austin's Morning Show

Blog > Austin's Morning Show > Half of college grads still relying on parents' money

Half of college grads still relying on parents' money

Students who graduated college in the throes of the recession are still struggling to make it on their own.

Two years out of college, half of graduates are relying on their parents or other family members for some sort of financial help, according to research from the University of Arizona. The study tracked more than 1,000 of its students over the course of five years -- from when they entered college in 2007 to 2013.

"These people started college during the boom period, then the market fell apart and they came out of college into a very different environment," said Ted Beck, president of the National Endowment for Financial Education, which helped sponsor the research.

Read more: http://www.click2houston.com/news/money/Half-of-college-grads-still-relying-on-parents-money/26413524

Austin's Morning Show

New York City Mayor Bill de Blasio on Monday moved to quell a growing firestorm in his city and in his...
U.S. officials are saying they think North Korea is responsible for the hacking of Sony Pictures, and perhaps also...
Animal advocates are fighting save the life of a German shepherd after his owner demanded in her will that he be...
The woman who stopped her car in the left lane of a Montreal area highway to herd ducklings to safety, which led...
German researchers have discovered security flaws that could let hackers, spies and criminals listen to private...