Young Adults Increasingly Financially Dependent on Parents, Pew Report Finds

Despite higher education and income levels, young adults face greater student loan debt and are delaying key life milestones.

According to a new report from the Pew Research Center, many parents are financially supporting their adult children, sometimes into their late 20s and early 30s.
Young adults are more likely to have student loan debt, and more of it than their parents did at their age.
About a third of young adults between the ages of 18 and 34 are still living with a parent.
59% of parents said they financially helped an adult child in the past year, while 44% of adult children said they had received financial help from a parent in the same period.
Young adults are delaying key milestones, such as getting married and having children.