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More millennials turn to bank of mom, dad

Rising home and rental costs are pressing millennials to expect more from their parents. About 17 percent of millennials – those born between 1981 and 1996 – expect their parents to help them with their first down payment on a home, according to a report by Apartment List, based on about 13,000 responses. 

The survey also showed about 8 percent of millennials who are not students get some form of financial help from their parents to cover monthly rent; one-third of those renters have their rent paid in full by their parents. 

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