Most Gen Z Adults Rely on Parental Support, Study Finds

5 articles · Updated · CNBC · Apr 12

A Wells Fargo study finds that 64% of Gen Z adults in the US still rely on their parents for financial support.
Over half of these parents say this assistance strains their own finances, with support ranging from housing to splitting major expenses.
Experts advise clear agreements and regular check-ins, as Gen Z delays milestones and redefines financial independence amid economic challenges.

With an $84 trillion wealth transfer coming, is Gen Z's struggle just a temporary storm?

Is the American Dream now a family-funded project for the new generation?

Are written financial contracts the new key to preserving parent-child relationships?

When AI and TikTok are financial advisors, are young adults learning skills or just taking shortcuts?

Why can a $113,000 salary today not afford what a much lower salary could in 2006?