Moms and Dads are still funding their (adult) kids' dreams. They're not just occasionally helping with a big purchase (car, house loan, wedding, etc) either. Parents are dumping twice as much into their adult children as they are into their own retirement accounts - a number that totals $500 billion annually.
According to the U.S. Census Bureau, "34.1 percent of people aged 18 to 34 lived under their parents' roof in 2015." That's a lot of millennials living at home, and a lot of millennials cutting their checks from Mom and Dad.
In fact, a staggering 79% percent of parents are doling out money to their adult kids.
You can learn more about this cultural phenomenon here.