Illustration of parents holding up a bridge for their child.
Parents are financially supporting their adult children well into their 20s. In a tough economy, Mom and Dad are the new safety net.

At 24, David Nuñez still lives at home with his parents in Tampa, Florida. He chips in his share of the phone bill, the Netflix subscription, and the groceries, but thanks to his parents' generosity, he doesn't pay any rent. Contrary to what some might think, Nuñez isn't an unemployed freeloader — he has a full-time job in marketing. But his $33,000 annual salary barely makes a dent in local rent prices; downtown, a one-bedroom costs more than $2,000 a month. He simply can't afford it.

"I'm fortunate enough to have a family that understands that it's kind of a rough time right now," he told me.