A survey conducted by Savings.com found that nearly half of parents with adult-aged children help pay their bills with many of their children still living at home.
found that 45% of parents with adult children provide financial support for at least one of their adult children. Among these parents, the average monthly support was over $1,400 with groceries, rent, and cell phone bills being among the top expenses.
"The majority of adult children receiving financial support were in the earliest years of adulthood: 66% of those receiving support were Gen Zers. Many people in this generation are still in college or just getting their footing in their careers, which means their income levels have much room to grow," Savings.com reported."Interestingly, 31% of adult children getting financial support from parents were millennials.
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