Are Millennials Receiving Too Much Help From Their Parents?

 

Moving Back Home

The Millennial generation came of age during a time of severe economic crisis. The Great Recession left Millennials graduating college without many job options or forced them to take lower paying jobs unrelated to their college majors. Unfortunately many Millennials are moving back to their parents or at least requiring financial assistance from their parents. This doesn’t mean Millennials aren’t planning for the future or saving money. As Sam Tabar sees things, Millennials are taking advantage of a situation to prepare for their futures, but the parents of Millennials are bearing the costs of their living at home. He sees this as a potential danger to the retirement of Baby Boomers and Generation X

The Prepared Generation

While the average American adult has only $400 in savings the average Millennial has $9100 stored in their bank account. More than half of all American Millennials claims to have either an investment or retirement account giving today’s young adults a head start unheard for the youth of past decades. Overall these stats raise questions about the living arrangements of Millennials. Are Millennials Taking Too Much From Mom and Dad?

The Capital Strategist

As an attorney and capital advisor Tabar understands savings and retirement just fine. After graduating from Columbia University in 2001 he set out to begin his career immediately. He found work as an associate at Skaddler, Alps, Meagar and Flom and gained experience in the legal aspects he would later deal with when he started his own private practice.  He also has quite the investment record, as Sam’s Angel.co page will attest.

Sam Tabar In The Current Day

His career would take through many law firms before he finally found a position as a senior associate the Schulte Roth and Zabel firm. Here he uses his experience to help his clients manage some of the world’s largest investment funds. This success has attracted the interest of journalists and given Tabar a chance to write articles about the sort of things he often works with. A great example of the articles Sam Tabar writes is “When Should A Parent Stop Supporting Their Adult Children?”. He often writes about savings, investments, and retirement planning.  Keep up to date on Sam’s personal career path by visiting his bio page on the FullCycle Energy Fund website.