Study Shows the Extent of Parental Financial Support for Grown Children

Monday, 11 March 2024, 12:00
A recent study discovered that almost half of parents continue to financially aid their adult children, with an average monthly contribution surpassing $1,300. The financial assistance covers essentials like food, rent, cell phones, and car insurance.
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Study Shows the Extent of Parental Financial Support for Grown Children

Study Reveals 47% of Parents Provide Financial Support to Adult Children

Recent research indicates that a significant portion of parents still offer financial assistance to their grown children, illustrating a prevalent trend in family dynamics.

Key Findings:

  • 47% of parents continue to support their adult children financially.
  • Over $1,300 is the average monthly amount allocated for expenses.
  • Essential costs covered include food, rent, cell phones, and car insurance.
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