Generation Y still depends on their parents more than one might expect, according to a new study.

FOX News Radio's Bill Vitka reports:

When college kids need money, it's the bank of mom and dad that most of them turn to.

More than 60% of young adults 19 to 22 get some financial help from their parents according to a University of Michigan study.

It's not just pin money. The average amount, which includes tuition, rent, and transportation, is roughly $7,500 a year.

What it means, according to one researcher, is that young adults take longer to leave home, longer to get married, and longer to meet the world on the their own.

Bill Vitka, FOX News Radio.