now what do we dokids home foreverThe kids may be all right, as the movie title has it, but all may not be right when it comes to their supporting themselves. At least that’s one takeaway in a piece—headlined Adult Children May Undermine Parents’ Retirement Security–reporting that “six in 10 American parents support their adult children financially, according to a study from the LIMRA Secure Retirement Institute.” Also from the article:

“Parents with Millennial children most often help to pay for cell phones and mobile service, college expenses and loans, rent or mortgage payments, and even entertainment costs, such as for movies or sporting events. The majority (57%) of Americans with adult children have at least one adult child living at home, the study found, and nearly three-quarters of parents whose children are 18 to 22 years old have at least one adult child living at home.

“The study findings are based on a nationally representative survey, fielded in July, of 1,009 Americans.”