The Reluctant Bankrollers: When Adult Children's Financial Support Becomes a Strain A recent survey from Wells Fargo reveals that 64% of parents with Gen Z children aged 18 to 28 are still providing financial support, despite the widely accepted notion that adult children should be financially independent by a certain age.
The statistics on this issue paint a complex picture.
While many young people struggle to make ends meet due to stagnant wages, high living costs, and an uncertain job market, nearly seven in ten Gen Zers report being stressed about rising prices, rent, and job security.