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Trends and Insights

30 Jan 2024


of Parents Financially Support Their Adult Kids

Pew research indicates nearly [60% of parents](,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.