This is referred to as 'daddy's money.' A large portion of the youth today are living off of their parent's income or existing wealth. Their parents might not

This is referred to as 'daddy's money.' A large portion of the youth today are living off of their parent's income or existing wealth. Their parents might not pay for their car, per se, but they're likely footing the majority of their other expenses such as paying for their apartment or condo, paying their tuition, giving them regular allowances, etc.