<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - Allworth Advice: Teaching personal finance to students"/><p class="gnt_ar_b_p">Three-fifths of parents with adult children gave them financial help in the past year, Pew Research reports in a<a target="_blank" href="https://www.pewresearch.org/social-trends/2024/01/25/financial-help-and-independence-in-young-adulthood/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener"> new study</a>.</p><p class="gnt_ar_b_p">The finding illustrates -- in case we needed a reminder -- that modern parenting does not end when a child turns 18. But supporting an adult child can get costly, financial planners say. And parents need to make sure their own financial needs are met.</p><p class="gnt_ar_b_p">Roughly half of under-30 adults<a target="_blank" href="https://www.pewresearch.org/short-reads/2022/08/24/americans-more-likely-to-say-its-a-bad-thing-than-a-good-thing-that-more-young-adults-live-with-their-parents/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener"> live with their parents</a>, prior Pew research has shown. That figure has<a target="_blank" href="https://www.pewresearch.org/short-reads/2020/09/04/a-majority-of-young-adults-in-the-u-s-live-with-their-parents-for-the-first-time-since-the-great-depression/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener"> spiked dramatically</a> over the years.</p><p class="gnt_ar_b_p">Americans are<a target="_blank" href="http://www.usatoday.com/story/opinion/2023/09/20/gen-z-millennials-live-home-prolonged-adolescence/70865944007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener"> marrying later</a>, and waiting longer to have children. Researchers say those trends point to a new life stage, tucked between adolescence and full adulthood. Some term it “<a target="_blank" href="http://www.usatoday.com/story/college/2012/08/01/moving-back-in-with-parents-not-always-a-slacker-move/37396149/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">emerging adulthood</a>.”</p><figure class="gnt_em gnt_em_img"><img class="gnt_em_img_i" style="height:441px" fetchpriority="high" data-g-r="lazy" src="https://www.usatoday.com/gcdn/authoring/authoring-images/2023/11/19/USAT/71645729007-parent-support.jpg?width=660&height=441&fit=crop&format=pjpg&auto=webp" decoding="async" alt="Blueprint surveyed parents of Gen Z and Millennial adults in states with populations of 2 million or more to find out where adult children are getting the most financial support from their parents."/></figure><h2 class="gnt_ar_b_mt">'Snowplow' parents clear a financial path for adult children</h2><p class="gnt_ar_b_p">Young adults face myriad economic challenges in 2024 America. <a target="_blank" href="https://nces.ed.gov/fastfacts/display.asp?id=76" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">College costs</a> and <a target="_blank" href="http://www.usatoday.com/money/blueprint/student-loans/average-student-loan-debt-statistics/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">student debt loads</a> are rising. <a target="_blank" href="https://fred.stlouisfed.org/series/ASPUS" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">House prices</a> have soared. Mercurial inflation and interest rates have vexed consumers.</p><p class="gnt_ar_b_p"><strong>Learn more:</strong> <a target="_blank" rel="noopener" data-t-l=":body nav (dcl)|e|auto spike click:7|${u}" class="gnt_ar_b_a" href="https://www.usatoday.com/money/blueprint/personal-loans/best-debt-consolidation-loans/">Best debt consolidation loans</a></p><p class="gnt_ar_b_p">Parents, for their part, seem ever more inclined to carry on with parenting well past the age a child exits childhood, removing every obstacle in their path. Some researchers call it “snowplow” parenting.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">“Let’s move everything out of the way, so our kids can walk perfectly down the street,” said<a target="_blank" href="https://jonabram.web.unc.edu/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener"> Jonathan Abramowitz</a>, a psychology professor at the University of North Carolina.</p><p class="gnt_ar_b_p">It’s easier than ever to pay an adult child’s bills, whether the kid lives with you or...</p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/personalfinance/2024/02/04/adult-children-financial-help-from-parents/72419763007/">Read more <span>➤</span></a> </div>
