Source: Bank of America Merill Lynch
How parents support
adult children
The financial support goes beyond paying for college—and the daily costs of living in the big city, for example, can be far higher than costs incurred when life revolved around campus.
37%
22%
30%
23%
32%
17%
47%
22%
22%
44%
23%
21%
44%
13%
13%
36%
9%
18%/
27%
54%
60%
Food/groceries
Cellphone
Car expenses
School
Vacations
Rent/mortgage
Student loans
Paid in full
Some support