Nightly News   |  May 03, 2012

Two-thirds of young adults get financial support from parents

A new study from the University of Michigan found that parents with children ages 19 to 22 are helping their children with college tuition, rent and transportation averaging out to several thousand dollars a year. NBC’s Brian Williams reports.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> here's a sign of the times you may already know too well. new figures out today show nearly two thirds of young adults ages 19 to 22 are getting financial help from the parents. the study out of the university of michigan said about 42% of parents in america are helping with bills. 35% are helping pay for college. and nearly a quarter are helping with car payments and rent. it all adds to on average just over $12,000 a