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- Many young adults are financially reliant on their parents after epic inflation, Kevin O'Leary said.
- The rising cost of rent, food, gas, and other essentials has put the squeeze on them, he said.
- Consumers have faced steep inflation as well as larger mortgage, car, and credit-card payments.
Many young Americans are hitting up their parents for cash because they can't afford the basics following historic inflation, Kevin O'Leary said.
A recent Pew survey found that 59% of parents with children aged 18 to 34 said they helped their kids financially. Only 45% of young adults said they were completely financially independent from their parents.