64% Of Parents Financially Supporting Adult Children Report Financial Stress

In the U.S., 71% of parents with children age 18 or older had provided financial assistance at some point, and 44% had done so within the past two years. Of these parents with adult children, nearly two-thirds (64%) reported experiencing financial stress because of it.

Among parents who provided financial assistance in the past two years, 32% contributed money multiple times a month, and 30% expected to continue helping indefinitely or as long as needed. One-third (33%) provided $2,500 or more during the two-year period. The financial commitment affected some parents' ability to cover everyday . . .