The kids of the youngest gen x/oldest millennials are super lucky though, I have two coworkers in that category and they’re paying for cars, rent, living expenses, and are taking on the school debt for their adult kids (who have graduated college and are currently working).
I think this might be necessary now to give your kids a good chance, but there’s no way my parents could have bought a car for me and each of my siblings, let alone pay for college and rent through our twenties. Expectations for what the parents are responsible for has shifted drastically.