Austin's Morning News

Blog > Austin's Morning News > 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 News

Responding to a recent measles outbreak in California, Austin’s largest private clinic system says that starting...
A committee of the Austin school board will start talks this summer about changing names of schools named after...
This is the young Swedish woman who sued her former Wall Street executive boss over lurid allegations of sexual...
They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But...
The Supreme Court is refusing to allow Texas to enforce restrictions that would force 10 abortion clinics to close...