Thursday, February 9, 2017

Detailed Analyses of Rent Assistance Emerging Adults Receive From Parents

The New York Times's "Upshot" quantitative analysis crew delves into the amount of rent assistance individuals in their early 20s receive from their parents. The article includes comparisons by where the grown children are living and the type of career they are pursuing.

Naturally, parents give more assistance when their children are living in big cities. Also, "Those in the art and design fields get the most help, an average of $3,600 a year... [Whereas] some jobs in science, technology, engineering, management and law have clearer and more substantial payoffs after years of internships and postgraduate training, ... pay in art, design and education is low in the early years, and for some people, it remains low."

These findings remind me a little of Richard Florida's ideas regarding cities as magnets for individuals in the "creative class."

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