According to a study by Merrill Lynch, 79% of parents continue to provide some form of financial support for their adult children 18 to 34 years old.  Not only are they paying for the traditional expenses of weddings and college tuition, but they are also paying their adult children's everyday living expenses,  such as rent, groceries, and cell phone bills. The U.S. Census Bureau reported 34.1 percent of people 18 to 34 still live at home with their parents.  And approximately 25% of those still living with their parents neither attend school or work.