Discover When People Achieve Financial Independence: Insights from a Recent Survey
Explore the age at which individuals typically reach financial independence and how family financial support plays a role, based on a comprehensive survey across major cities.
Do you provide financial support to your parents?
According to a recent survey conducted by a leading insurance company, the average person attains financial independence by the age of 26. This study was carried out in May 2020 across 37 cities with populations exceeding 500,000 residents.
The survey also revealed that a majority of parents (54%) continue to offer financial assistance to their children even after they become financially self-sufficient. Additionally, 62% of respondents reported providing financial help to their parents and elderly relatives.
Do you support your parents financially? Share your experience in the comments below.
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