--- title: A Shocking Number of Millennials Are Still Asking Their Parents for Help With Rent description: A large percent of millennials still live with their parents. When they do move out, at least 40% still get financial help like rent payments from their parents. authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2017-02-09T15:22:02.000Z' modified: '2024-05-08T04:23:41.000Z' section: Housing tags: - Great Recession - Millennials - Parents - Rent word_count: 217 canonical: https://money.com/millennials-adult-children-rent-payments-parents/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Young man lying down on sofa wearing headphones](https://img.money.com/2017/02/millennialrent-ff-200498260-005.jpg) According to a new analysis done for the [*New York Times*](https://www.nytimes.com/2017/02/09/upshot/a-secret-of-many-urban-20-somethings-their-parents-help-with-the-rent.html), 40% of people in their early 20s get financial help from their parents to cover living expenses like rent—and the average payout is around $3,000 per year. Some millennials are more likely to get help than others: 53% of young people who studied art and design reportedly receive financial assistance from their parents, to the tune of $3,600 a year, on average. By contrast, 30% of millennials in the military or blue-collar job fields have been getting help with the rent from their parents, and they receive $1,400 per year. The data comes from interviews with young people from 2007 to 2013 for the [Transition into Adulthood Study](https://psidonline.isr.umich.edu/CDS/TAS13_UserGuide.pdf), which is conducted by researchers at the Institute of Social Research at the University of Michigan. In our [previous coverage](https://money.com/page/parents-adult-children-financial-support/) of the issue, we found that 30% of parents offering financial support for their adult children fork over at least $5,000 a year. What's more, unsurprisingly, parents think kids should be out on their own sooner: In [a survey](https://money.com/page/parents-adult-children-financial-support/) commissioned by Money, parents said that adult children should be financially independent by age 25. The adult children, on the other hand, want a couple extra years, and say that 27 is the right age for fully supporting oneself. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/millennials-adult-children-rent-payments-parents/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Housing", "item": "https://money.com/housing/" }, { "@type": "ListItem", "position": 3, "name": "Renting", "item": "https://money.com/renting/" }, { "@type": "ListItem", "position": 4, "name": "A Shocking Number of Millennials Are Still Asking Their Parents for Help With Rent" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/millennials-adult-children-rent-payments-parents/#webpage", "url": "https://money.com/millennials-adult-children-rent-payments-parents/", "name": "A Shocking Number of Millennials Are Still Asking Their Parents for Help With Rent", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2017-02-09T15:22:02.000Z", "mainEntity": { "@id": "https://money.com/millennials-adult-children-rent-payments-parents/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/millennials-adult-children-rent-payments-parents/#breadcrumb" }, "dateModified": "2024-05-08T04:23:41.000Z" }, { "@type": "Article", "headline": "A Shocking Number of Millennials Are Still Asking Their Parents for Help With Rent", "articleSection": "Housing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2017/02/millennialrent-ff-200498260-005.jpg", "width": 4992, "height": 3328, "caption": "Young man lying down on sofa wearing headphones" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2017-02-09T15:22:02.000Z", "description": "A large percent of millennials still live with their parents. 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