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30 Jan 2024

60%

of Parents Financially Support Their Adult Kids

Pew research indicates nearly [60% of parents](https://www.fa-mag.com/news/parents-are-supporting-adult-kids-financiallyand-emotionally-76253.html#:~:text=More%20than%20ever%2C%20parents%20are,report%20from%20Pew%20Research%20Center.) had provided financial assistance to their adult children in the past year. While financial independence is claimed by 45% of adults aged 18 to 34, University of Pittsburgh research reveals that 14% of adults receive annual money transfers from their parents, suggesting extended financial reliance.