Rechelle is part of Generation S (stay at home)
YOUNG Toowoomba woman Rechelle Mullins says she is not a sponge.
Ms Mullins, 18, and other Generation Y adults are the subject of a new investigation into the money habits of Australians.
A study conducted by comparison website finder.com.au has revealed that a "sponge society" of adult children receiving financial assistance from their parents is alive and thriving across Australia.
Ms Mullins and her two older brothers fall into this category.
Their parents financially assist their adult children by letting them live rent free in their home, paying for their food, helping out with their fuel and giving them cash when needed.
Ms Mullins works hard at her job as an administration assistant with the Lighthouse Company and said it wasn't fair she was being labelled a sponge just because her parents helped her out financially.
"My family are by no means rich, but my mum and dad have always helped my brothers and me money-wise," Ms Mullins said.
"They do it because they want us to be able to easily put aside the money we earn so we have a good head start when we move out and start living independently.
"I want to build a house in the near future and I wouldn't be able to save the funds I need if all my money was going towards other things.
"It is so expensive to just move out and become completely independent as soon as you finish school because you haven't had a chance to work and save," she said.
Ms Mullins' parents have also offered to help her get her dream car, a Jeep Grand Cherokee, by paying for a portion of it to help lower her car repayments.
"I have always wanted a Jeep," Ms Mullins said.
"Dad said because I have my heart set on a Cherokee and I work hard I should be able to buy it if it is what I want.
"I think it is quite normal to be lent a hand by your parents these days, but I do feel sorry for the people out there who aren't able to get any assistance.
"I am really grateful that my mum and dad are giving me the opportunity to properly prepare for the future," she said.
WHAT YOU HAD TO SAY ON FACEBOOK
- Tracy Mason: I support my child who is almost 20. I wouldn't have it any other way. Rent is exorbitant and there are other hidden costs of living.
- Jess Barnes-Vanderlelie: I've been out of home since I was 16 and I don't know how I've managed, it's been hard times. I think when I have children I'd never want them to leave.
- Cindy Shax: I'm 33 and every now and then I still have to ask for help sometimes.
- Zinerva Cola: I always wonder what will happen to the child when their parents aren't around anymore and they're on their own after years of being supported.
- Rebecca Larsen: Good luck ever getting your child to step up and take responsibility financially and morally if a parent does everything for them.
- Natasha Strong: I think inheritances are a thing of the past and parents want to see their kids enjoy life, so what's the harm in helping them set themselves up?
- Michael Barnes: The problem is, when do they grow up? Do grandparents pay for grandkids as well?