Zillow analyzed data from Federal Reserve Board for young adults (ages 23 to 34) who are lucky enough to have their parents help them financially with both higher education and a down payment to buy a home. Zillow estimated the extent of this privileged population by starting with the 46 percent who had completed some form of post-secondary education – anything from an associate’s degree to a doctorate or professional degree. Within this group, 61 percent (or 28 percent of all young adults) received financial assistance from their parent(s), including cases where the parent(s) took out a loan to cover the child’s educational costs.
Among those who received financial support from their parents for post-secondary education 43 percent are homeowners. Of this 43 percent, 25 percent received family support in funding their down payment. Thus, in total, only a mere three percent of all young adults received parental support for both education and buying a home.