Nearly half of parents with adult children still pay their bills ...Middle East

The Hill - News

Nearly half of American parents with adult children continue to support them financially, to the tune of $1,442 a month, on average, according to a new survey. Parents who pay bills for an adult child are most likely to cover relatively modest expenses such as groceries and cellphone plans, according to a poll by Savings.com, the personal finance site. Yet, more than half help pay a child’s mortgage or rent, a monthly expense that averages more than $800. The survey, taken in February, found that 45 percent of parents with adult children provide financial support to at least one grown offspring. Most of the children receiving parental aid fell between the ages of 18 and 24,

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Last updated : 24 March 2023 clock 12:52 AM

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