Adulthood can cost a lot. And many U.S. adults still depend on their parents financially.
According to a recent survey from Savings.com, half of U.S. parents are still financially supporting their adult children.
The top categories where assistance has been needed are groceries, rent and mortgage, cell phones, car payments, tuition, health insurance, and vacations.
The survey consisted of 977 parents who have children ages 18 and up.
To add more fuel to the fire, the pandemic didn't help with independence for many young adults. Twenty-six percent of these parents say they've had to provide more support since the start of the COVID-19 pandemic.
Another key finding from the study was that sixty-two percent of adult children living with their parents don't contribute in any meaningful way to all the household expenses.
Savings.com says they found that around 95 percent of parents would choose to help their child financially if their child needed that help.
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