More Than Half of American Parents are Still Supporting Their Adult Children
Remember when it was considered a bad thing to move back in with your folks? According to a new survey, statistically, you’re the weird one if you’re an adult who ISN’T still sucking money out of your parents.
–This is crazy . . . but in a national survey of mothers ages 46 to 65, more than HALF say they’re currently supporting their adult children financially. MORE THAN HALF. The MAJORITY of middle-aged parents are still supporting their adult kids.
–31% of the mothers surveyed said they’re supporting their adult child but expect them to become independent soon.
–12% say they’re supporting their adult child but aren’t sure when they’re going to become independent.
–And 9% say they’re supporting their adult child and expect to keep supporting them INDEFINITELY.
–Added up, that’s 52% supporting their adult child.
–86% of the mothers surveyed said they were independent of their own parents by the time they were 25.
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