--- title: Nearly a Quarter of Millennials Rely on Their Parents to Pay for Rent description: One in three adults say their parents cover at least one of their bills — and nearly 25% of millennials rely on parents to pay their rent. authors: - name: Mary Ellen Cagnassola role: Reporter url: https://money.com/author/mary-ellen-cagnassola/ bio: Mary Ellen (M.E.) Cagnassola is a former reporter at Money, where she covered Social Security, retirement, housing, and employment. Her work reflects her commitment to service and equity in consumer finance. education: Rutgers University, BA Journalism at_money_since: 2021 articles: 205 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes former_staff: true editors: - 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: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Health and Wellness - Housing - 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: '2023-01-30T21:03:11.000Z' modified: '2024-01-10T14:33:15.000Z' section: Economy and Politics tags: - News word_count: 338 canonical: https://money.com/parents-pay-rent-bills-millennials-adults/ type: NewsArticle 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/). ![Photo Collage of a woman shopping for groceries, a woman on a phone and a man looking at bills](https://img.money.com/2023/01/News-Parents-Help-With-Bills.jpg) A mother's love may be priceless — but it's her money that's keeping the bills paid for many U.S. adults. Nearly 25% of millennials reported that their parents cover their rent in a [poll](https://talker.news/2023/01/27/a-third-of-adults-admit-their-parents-still-pay-one-of-their-bills/) by the nonprofit financial institution Chartway Credit Union, and the gravy train doesn’t stop there. Survey data shows an eye-popping number of fully grown American adults still rely on their parents to cover many of their expenses. ## What the research says The survey, conducted by OnePoll for Chartway in between Dec. 21 and Jan. 3, polled 2,000 U.S. adults about financial independence and literacy and and yielded the following results: - In addition to almost a quarter of millennials saying their parents pay their rent, more than a third of all respondents admitted to having at least one bill covered by mom and dad. - Rent and groceries were the top expenses on parents’ tabs, followed by utilities. About 75% of those surveyed said they have plans to take responsibility for those costs within the next two years, but 30% said they’re happy to have their parents’ financial support indefinitely. - A majority (85%) of respondents said they consider themselves financially responsible despite not managing all their expenses. More than half (58%) said their first earnings were an allowance from their parents. - What’s more: 50% said they struggle to reduce unnecessary spending, while 40% said they often forget to pay their bills on time. ## What the data means - The survey findings indicate of a lack of financial literacy, Chartway President and CEO Brian T. Schools said. Two in five millennial respondents reported difficulty in finding resources or information to get a grip on their finances. - “A lot more adults could benefit from some form of financial education, whether it’s provided in schools, online, or by their financial institutions,” Schools said in a news release. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/parents-pay-rent-bills-millennials-adults/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Millennials", "item": "https://money.com/millennials/" }, { "@type": "ListItem", "position": 4, "name": "Nearly a Quarter of Millennials Rely on Their Parents to Pay for 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/parents-pay-rent-bills-millennials-adults/#webpage", "url": "https://money.com/parents-pay-rent-bills-millennials-adults/", "name": "Nearly a Quarter of Millennials Rely on Their Parents to Pay for Rent", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-01-30T21:03:11.000Z", "mainEntity": { "@id": "https://money.com/parents-pay-rent-bills-millennials-adults/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/parents-pay-rent-bills-millennials-adults/#breadcrumb" }, "dateModified": "2024-01-10T14:33:15.000Z" }, { "@type": "NewsArticle", "headline": "Nearly a Quarter of Millennials Rely on Their Parents to Pay for Rent", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/01/News-Parents-Help-With-Bills.jpg", "width": 2880, "height": 1920, "caption": "News-Parents-Help-With-Bills" } ], "author": [ { "@type": "Person", "name": "Mary Ellen Cagnassola", "url": "https://money.com/author/mary-ellen-cagnassola/", "@id": "https://money.com/author/mary-ellen-cagnassola/#author", "description": "Mary Ellen (M.E.) 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