Four-fifths of adult children receive financial assistance from their parents, newly-released research has discovered.
According to the Lloyds TSB Family Savings Report, 80 per cent of grown-up offspring are still seeking hand-outs from their mums and dads, which is up on the figure of 61 per cent during the 1980s.
Indeed, 38 per cent are getting help on a day-to-day basis, with university, buying a home and getting married among the activities they seek aid for.
Greg Coughlan, Head of Savings at Lloyds TSB, stated although "much has been said about the bank of mum and dad in relation to the cost of getting on the housing ladder", it is now clear that young adults are turning to their parents for help in a variety of areas.
He added that the positive aspect of this is it allows parents to have a bigger say in their children's lives than they might otherwise have.
Only 21 per cent of those questioned think wages for young people are going to keep pace with costs.