24% of US youth are not yet independent: 90% think they are financially capable, but 35% still depend on parents

There is a general perception that American youth assume their financial responsibilities early. Take care of their own expenses, but a recent One Poll survey revealed that 9 out of 10 youth consider themselves financially capable, yet 35% are dependent on their parents.
In fact, 24% of the youth are getting even the bills of basic expenses filled by the parents. In this, 19% of rent and groceries, and 16% of the materials used in daily life are also taken from the parents. 72% of youth believe they will be able to take care of themselves in the next two years, but 30% prefer to do so until they are financially independent.
The survey, conducted by Chartway Credit Union, revealed that despite not being able to manage all their expenses, 65% of youth consider having a good credit score an indicator of financial responsibility. Others equally value the lack of debt and the amount of their savings. On average, youth have 6 different bills and expenses in a month. This includes things like food, insurance, internet and rent.
The survey found that nearly three-quarters of youth in the US opened their first bank account by their 25th birthday and 21% opened a bank account before the age of 18. Even if the bank account is not already opened. However, 30% of the youth are those who started spending by the age of 15. On the other hand, 58% of the youth's entire expenditure is being borne by the parents.
Two out of five young people still struggle with financial resources. While only 11% of the elderly are struggling financially, the least compared to other generations. 50% of youth are also struggling to limit unnecessary spending.