Recent surveys have highlighted a significant trend where a majority of American parents are providing financial support to their adult children, aged 18 to 34. According to PEW, nearly 60% of parents admitted to this, and CBS reports that 20% of those aged 30 to 34 receive aid from their parents for household bills. This involvement extends beyond financial aid, as parents are also highly engaged in their children's lives, offering advice on various aspects such as home buying, child-rearing, and investments. While some adults find a silver lining in this support, using it to save for down payments on homes, there's a growing conversation around the degree of parental involvement, with some suggesting that parents should allow their adult children to live their lives independently.
Most parents of adult kids are giving them financial help, study shows https://t.co/shxW07gHdi
Most American parents of young adults 18 to 34 are highly involved in their children’s lives, surveys found, texting several times a week and offering advice and financial support. Seven in 10 parents say they are satisfied with their level of involvement. https://t.co/9bAkBehn6r
20% of 30- to 34-year-olds have their parents provide aid for their household bills, per CBS.
It amazes me how many parents still tell their adult children what to do. When to buy a house and where, how to raise kids, what to invest in, how to spend their money. You already raised them, they're grown up, nothing says you still know better. Let them live their lives.
It amazes me how many parents constantly give their adult children advice. When to buy a house and where, how to raise kids, what to invest in, how to spend their money. You already raised them, they're grown up, nothing says you still know better. Let them live their lives.
Embracing the boomerang: Young adults living with parents are finding a silver lining. Saving for a down payment on a home just got easier. https://t.co/Pi6Vnj9nCM
Nearly 60% of parents said they were providing financial support to their adult kids ages 18 to 34, per PEW.