Fewer than half of adults under 30 say that they are completely financially independent from their parents

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January 24, 2024

2. Financial help and independence in young adulthood

Fewer than half of adults under 30 say that they are completely financially independent from their parents

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Fewer than half of adults under 30 say that they are completely financially independent from their parents

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2. Financial help and independence in young adulthood
Parents and young adults differ in views of how well parents prepared them for adulthood
Fewer than half of adults under 30 say that they are completely financially independent from their parents
About half of adults ages 18 to 24 say they get financial help with household expenses, cellphone and streaming bills
About half of lower-income parents who helped their adult children financially say this hurt their own finances
A third of young adults say they helped their parents financially in the past year
Most young adults who live with parents report making financial contributions
Most young adults who live with a parent say this has had a positive impact on their personal finances

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ABOUT PEW RESEARCH CENTER Pew Research Center is a nonpartisan, nonadvocacy fact tank that informs the public about the issues, attitudes and trends shaping the world. It does not take policy positions. The Center conducts public opinion polling, demographic research, computational social science research and other data-driven research. Pew Research Center is a subsidiary of The Pew Charitable Trusts, its primary funder.

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2. Financial help and independence in young adulthood

Fewer than half of adults under 30 say that they are completely financially independent from their parents

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