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Parents Paying Adult Children’s Bills

Jan 30, 2023, 11:42 AM

Baby girl crawling through the grass, UK. (Photo by: Nik Taylor/Education Images/Universal Images G...

Baby girl crawling through the grass, UK. (Photo by: Nik Taylor/Education Images/Universal Images Group via Getty Images)

(Photo by: Nik Taylor/Education Images/Universal Images Group via Getty Images)

There are a lot of parents out there paying some of their adult children’s bills.  Are you one of them?

According to a survey done by Chartway Credit Union, here is the breakdown.  What do you think?

Agree or disagree with so many parents paying for their children’s bills?

 Top Three Expenses parents pay for their adult children:

  • Rent (19%)
  • Groceries (19%)
  • Utilities (16%)

Also…

  • 24% of Millennials say their parents pay their rent
  • 35% of adults have at least one bill paid by their parents

 

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Parents Paying Adult Children’s Bills