Nearly half of Gen Zers are getting financial help from their parents, Bank of America study finds

Nearly half of Gen Zers are getting financial help from their parents, Bank of America study finds

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Business, Social Studies

University

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A Bank of America report reveals that 46% of people aged 18-27 depend on family financial support. Over half of these young adults feel their income is insufficient for their desired lifestyle, with daily expenses being a major obstacle. Additionally, the high cost of housing presents a significant challenge for this age group.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the day-to-day expenses that young adults struggle with?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the high cost of housing affect younger Americans?

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