Half of Parents Still Support Their Grown Kids Financially. Here’s Where the Money Goes.

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 Here’s how much parents are spending on their grown kids — and what they’re putting at risk to do so. 

Many parents expect their children to be fully financially independent after reaching adulthood and leaving home. However, for about half of parents, that’s not the case. For its fourth annual report on parental support for grown children, Savings.com surveyed 1,000 U.S. parents of adult children with an average age of 56 and a median annual income between $50,000 and $74,999. About 50%

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