Massachusetts Parents with Adult Children Still Give Them Over $700 a Month!
Times have changed. The days of a single-income family have become more and more rare. Everything is more expensive nowadays. I remember being a kid, seeing a house go on the market for a million dollars, and being like “woooooaaaaahhh, they must be famous.” I also remember when I could go in and out of a grocery store for under $100. Nowadays that’s rare for me.
Since inflation and shrinkflation are things and since parents really don’t like seeing their kids struggle, the old rule of “once you’re 18 you’re on your own” has been thrown out the window in many families. Here in Massachusetts, in the land where everything seems to cost more, that’s especially true and a new study by USA Today demonstrates just that.
The study looked at which states have adult parents who still are paying the most for their adult children. The study defines adult children as those over the age of 22. Massachusetts parents, on average, still shell out $705 per month for their adult children – that’s the 6th highest amount in the nation.
And what are the adult children using this money for? Weed.
The study says parents are helping their adult children with basic needs. Groceries tops the list, followed by housing and phone. As far as the age when we expect our adult children to cut ties and be on their own financially, that age differs per state. Massachusetts puts that age at 25.8 years old. Only one state thinks independence comes later – but not much later at all. New York thinks financial independence should come at 25.9 years old, 1.2 MONTHS later than Massachusetts. CLICK HERE to check out USA Today’s complete study and all the findings.
And while we’re talking about adult children… is Boston the best city for singles?? Read on for the answer to that tasty adulting question: