Nearly half of US parents provide some kind of financial support to their adult children, who are grappling with higher food and living costs than they did, a new study has found.
The study – conducted by Savings.com – says young, working-class Americans were not substantially benefiting from the recovery of the country’s economy, as “evidenced by high employment, falling inflation, and economic growth”. That has forced many of them to continue to rely on their parents to help cover living expenses.
We’d like to hear from US parents who support or have been supporting their adult children financially, as well as from US adults who receive money from their parents.
We’re interested to hear how this dynamic affects people’s families, lifestyles and plans for the future.
Share your experience
If you live in the US and give financial support to your adult children, or if you’re an adult and in receipt of financial suppprt from your parents, tell us about it.
