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The grim reality of millennials who rely on their parents for money: ‘I pay for lunch at work, and I pay for my Netflix account’

Like many people her age, 28-year-old writer Kristine lives with her parents. “It’s both embarrassing and a necessity,” she told MarketWatch.

“I am an only child, so it’s just my parents and me at home,” she said. “Anything communal — family cellphone bill, cable, food at home, family vacations — my parents will pay for. But I pay for lunch at work, and I pay for my Netflix NFLX, -0.97% account.”

She’s got plenty of company.

Roughly half of millennials and Generation Z expect to be financially reliant on their parents in their early 20s.

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