Nearly two-thirds of parents support their Gen Z kids financially, survey finds

Rising costs and shaky job prospects are keeping young adults financially dependent.

[Illustrations: vladgrin/Adobe Stock]

According to Wells Fargo’s recent Money Study, 64% of parents with Gen Z children say their 18- to 28-year-old kids still rely on them for financial support—whether it’s for housing or other expenses. 

Of the 3,773 U.S. adults surveyed at the end of last year, more than half who are parents (56%) said the monetary support they’re extending to their adult........

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