Well, Loki, it's not entirely bad to hide stuff from your parents.
This friend of mine won this country-level gaming competition, and the final was going to be aired on a later date. (He won 10,000 bucks in it BTW). He decided to surprise his parents with the news, and when the final was being shown on TV, he proudly pointed and told his parents, "That's me, I won the tournament, and see, I won all this money." And then his parents took the money from him and said, "This money wasn't won morally, and I don't like you distracting yourself from your studies. As a student, your only responsibility is to study, and that's what you should be doing."
My friend was SO pissed. If he had just not told his parents, he would have had 10,000 bucks to binge with, or save or whatever. Some parents are just like that. I don't agree with the "Kids shouldn't have secrets" adage. They're entitled to anything that adult's have once they start forming coherent, meaningful thought processes.
Coming to the "I pay the bills" example, once the parents get retired (at least over here), they are dependent on their children (along with the pension). Who pays the bills then? Parents develop their kids to have a good job so they can start depending on themselves, and so they can eventually have someone to depend on in their old age. Nobody would like their son peeking into every private matter of an old parent would they? Trust me, kids will feel the same way.
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Credits to Loveless for the great signature!
We rode on the winds of the rising storm
We ran to the sounds of thunder
We danced among the lightning bolts
And tore the world asunder
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