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Most Parents Support Their Grown Kids Financially, Survey Reveals: Here's How Much
The Census Bureau said 2.6 million parents gave voluntary financial help to 3.7 million adult children, with most supporting one child.
- On Sept. 30, 2026, the U.S. Census Bureau released 2025 Survey of Income and Program Participation data showing approximately 2.6 million American parents provided $26.6 billion in financial support to 3.7 million adult children living outside their households in 2024.
- A 2026 LendingTree survey of 2,000 U.S. consumers found that 71% of parents with children age 18 or older have provided financial assistance, as young adults struggle with the "basic math of everyday life" in today's expensive economy.
- Everyday expenses accounted for most assistance, with parents providing a median of $4,725 annually in 2024; 53% helped pay for groceries or meals, while 35% contributed toward general living expenses.
- Nearly two-thirds of parents providing support felt financially stressed, according to the LendingTree analysis; some reported decreased ability to cover everyday expenses , pay debts , build savings , or save for retirement .
- LendingTree financial analyst Matthew Schulz noted that financial support has become "part of parenting an adult child," with 3 in 10 parents expecting to continue providing assistance indefinitely as young adults struggle for years to come.
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