Parents Straining Finances to Support Adult Children Through Tough Economy

• Nearly half (47%) of U.S. parents still financially support their adult children by paying for expenses like groceries, phone bills, and insurance

• Parents are spending almost $1,400 per month on average to support their adult kids

• The findings suggest the economic recovery hasn't reached young Americans who still rely on parental support

• 58% of financially supporting parents said they've put their own financial security at risk to help their kids, a 60%+ jump from last year

• 61% of adult children still living at home with their parents do not contribute to household expenses