https://thehill.com/business/personal-finance/3915186-nearly-half-of-parents-with-adult-children-still-pay-their-bills/
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, years that coincide with college and the transition to full-time work. But more than one-third were 25 or older, and 1 in 10 was 35 or older.