Most say young adults should be financially independent by age 22, but reality differs for many | Pew Research Center

October 21, 2019

Majority of Americans Say Parents Are Doing Too Much for Their Young Adult Children

Most say young adults should be financially independent by age 22, but reality differs for many

Most say young adults should be financially independent by age 22, but reality differs for many

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Most say young adults should be financially independent by age 22, but reality differs for many

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Majority of Americans Say Parents Are Doing Too Much for Their Young Adult Children
More men than women live in their parents’ home during young adult years
Young adult workers were hit hard by the Great Recession but steadily rebounded in following years
Young women have outpaced young men in higher education gains
Young men are more likely to be financially independent than young women, but gender gap has narrowed
Among parents and young adults, gender gaps on reliance on parents for emotional support
Financial support from parents to young adult children is most often for household expenses
More than half of young adults who receive financial help – and parents who provide help – say at least some of the help was for recurring expenses
About six-in-ten parents say they’ve given at least some financial help to their adult children in the past year
Most parents say they do the right amount for their young adult children
A majority of Americans say parents do too much for their young adult children
Most say young adults should be financially independent by age 22, but reality differs for many