From a Pew Research Center online release:
There’s a sense among a majority of Americans that parents are doing too much for their young adult children these days – 55% of all adults say this, while only 10% say parents are doing too little for their young adult children. About a third (34%) say parents are doing about the right amount.
Among adults ages 18 to 29, 45% say they received a lot of (24%) or some (21%) financial help from their parents in the past 12 months. About one-in-five (21%) say they received only a little financial help, and 34% say they received none.
Financial independence is one of the many markers used to designate the crossover from childhood into young adulthood, and it’s a milestone most Americans (64%) think young adults should reach by the time they are 22 years old, according to a new Pew Research Center study. But that’s not the reality for most young adults who’ve reached this age.