3 sources·Business

Young Adults Increasingly Rely on Parents for Financial Support Amid Economic Challenges

New report shows half of parents with adult children provide financial aid, averaging $1,474 monthly, as young adults face rising living costs and student debt.

67%

33%

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Epoch Times·1M
Mixed Reliable
This source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.
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Right
This outlet favors right-wing views.
Many experts argue it’s harder today for young adults to make it on their own.
50% of parents financially support adult children, report finds. Here's how much it costs them.
NBC News·1M
Reliable
This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
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Center
This outlet is balanced or reflects centrist views.
Many experts contend it's harder today for young adults to make it on their own.
50% of parents financially support adult children, report finds. Here's how much it costs them
CNBC·1M
Reliable
This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
·
Center
This outlet is balanced or reflects centrist views.

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Updated: Mar 25th, 2025, 6:17 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

According to a new report from Savings.com, 50% of parents with children over 18 provide financial support, up from previous years. Parents spend an average of $1,474 monthly aiding their adult children, who face rising expenses and student debt. While young adults hold more degrees and savings compared to their parents, many still live at home due to financial strain. Over 60% of parents report sacrificing their own financial stability to help. Experts recommend setting financial boundaries to protect parental finances and encourage responsible spending among children.

Perspectives

Compare opinions on this story from liberal (Left), conservative (Right) or center-leaning news organizations.

Financial support from parents for adult children is increasing, with 50% of parents providing some help, highlighting economic challenges for young adults today.
Young adults face significant financial burdens such as lower wages after adjusting for inflation and larger student debt compared to their parents' generation.
While many young adults are struggling financially, they also show strengths, including higher educational attainment and an increased likelihood of full-time employment.

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