Webwire iconWebwireSep 15, 2026

RBC Survey: 1 in 5 Parents of 35 to 40-Year-Olds Are Still Helping Pay the Bills

• Nearly one in three (32%) Canadian parents say their adult children aged 18-40 are not yet financially independent, including nearly one in five (19%) parents of adult children aged 35-40. • More than half (51%) of parents have provided financial support to an adult child in the past year, giving an average of $6,151.

RBC Survey: 1 in 5 Parents of 35 to 40-Year-Olds Are Still Helping Pay the Bills

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• Nearly one in three (32%) Canadian parents say their adult children aged 18-40 are not yet financially independent, including nearly one in five (19%) parents of adult children aged 35-40.

• More than half (51%) of parents have provided financial support to an adult child in the past year, giving an average of $6,151.

• Parents are increasingly helping cover the costs of everyday life: 56% help with groceries, 24% with rent and 21% with utilities.

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• Nearly one in three (32%) Canadian parents say their adult children aged 18-40 are not yet financially independent, including nearly one in five (19%) parents of adult children aged 35-40. • More than half (51%) of parents have provided financial support to an adult child in the past year, giving an average of $6,151. • Parents are increasingly helping cover the costs of everyday life: 56% help with groceries, 24% with rent and 21% with utilities.

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