Half of parents with adult children helped at least one of them financially in 2025, up from 45% in 2023, according to a Savings.com survey. Less than half of American adults age 18 to 34 say they are entirely financially independent from their parents, according to a 2024 Pew report. More than a third of those age 30 to 34 still aren't financially independent from mom and dad. The average yearly support amounts to $7,000 per family, according to a recent AARP survey.

While today's young women are more likely to be financially self-sufficient than in the past, young men have become more reliant on their parents. In 2021, 36% of 25-year-old men depended on their parents for cash flow, compared with 23% in 1980. Researchers say the trend is driven by a tough job market and the rising cost of living, including soaring rents and college tuition saddling people with loans.

Almost half of Americans age 18 to 29 live with their parents, according to a Federal Reserve report published last year, up from 37% in 2019. The rise of multigenerational households is partly why many boomers are choosing not to downsize their homes as they age. Almost two-thirds of young adults who live with their folks contribute to household expenses, like picking up groceries and paying rent.

As of 2022, the median baby boomer-headed household is sitting on $432k in wealth—about 30% more than their parents' generation.

In 2025, the share of US companies offering paid family leave fell two percentage points to 31%, according to an annual survey by the Society for Human Resource Management. Deloitte cut paid parental leave from 16 weeks to eight weeks for some employees, while Zoom slashed parental leave from 22 weeks to 18 weeks for most birth mothers, and from 16 weeks to 10 weeks for other parents.

As the job market weakens, employers don't have to be as competitive with benefit programs to keep employees happy. Some of the decline stems from the Trump administration's efforts to roll back DEI initiatives, which often include parental leave programs, experts told the New York Times. The US lacks federally mandated paid family leave and has historically ranked near or at the bottom of global rankings when it comes to the quality of family leave.