The long-standing joke about the 'Bank of Mum and Dad' just got a serious upgrade. According to a new report, 50% of American parents now financially support their adult children, with the average monthly contribution hitting a three-year high of $1,474 (roughly £1,160). But behind the growing generosity lies a complicated picture of rising costs, intergenerational pressure, and simmering parental burnout.
The survey, conducted by Savings.com, explored how 1,000 parents across the United States are continuing to dig deep into their wallets to help their adult offspring. While many see it as a duty, more than 40% say they plan to end financial support within the next two years, suggesting patience—and resources—may be wearing thin.
