No matter how old your adult children get, they’ll always be your babies, right? And often in more ways than one.
A new study from OnePoll on behalf of Chartway Credit Union found that 35% of adults still have at lease one bill on their parents’ tab!
According to StudyFinds, the most common bills parents still pay for their adult children include rent (19%), groceries (19%), and utilities (16%).
In fact, 24% of millennials say their parents cover their rent!
Still, the survey found that 85% of the respondents considered themselves {“financially responsible.”
Brian T. Schools, President/CEO of Chartway Credit Union, said in a statement, “How to spend and save responsibly are lifelong lessons.
“It’s noteworthy to see that over three-quarters of those surveyed have been managing their own money for most of their lives. Still, a third of respondents find it difficult to find helpful resources to manage their finances.”