AMHERST, Mass. (WWLP) - More teens say they are optimistic about their financial future.
Junior Achievement researchers have been asking a group of teens the same questions for the last eight years. This year, they found that more teens believe they'll be better off once they move out of their parents' house.
And having a case of the post-grad blues is something many can relate to.
"A few of my friends and sibling have to, the economy's hard. It's easier to move back home than to get an apartment and lose all your money. It's easier to rely on your parents," said 19-year-old Margo Gruenberg.
A recent Junior Achievement USA and The Allstate Foundation's 2013 Teens and Personal Finance Poll found that a quarter of teens think they'll rely on their parents financially until at least the age of 27. That's up 12% from 2011. This 18-year-old plans to go to med school and says it'll be hard to make it on his own.
"I'll probably need my parents for a little bit, help me get my feet on the ground. And then go from there. I'm not in any real rush kind of jump into having my own apartment or my own place," said 18-year-old Doug Dube.
Researchers say much of this trend has to do with teens not being in a rush to save. 3 in 10 said they do not use a budget. And 4 in 10 said they are not interested in doing so.
"I actually do not budget that much. I just try to not spend as much money as possible," said 18-year-old Darko Matich.
Researchers say more parents are expecting their children to be in their mid-20s by the time they are independent.