4 articles | last updated: Jul 11 16:19:22
High living costs and housing affordability issues drive many young adults to seek help from parents, survey finds.
- 46% of Gen Z adults receive financial assistance from family for expenses like rent and groceries.
- A third of those receiving help get at least $1,000 per month, while 54% pay nothing towards housing.
- High housing costs are a significant barrier, with many spending over a third of their income on rent.
- Gen Z is cutting back on dining out, social events, and opting for budget-friendly grocery stores to save money.
- Despite financial challenges, young adults show discipline in budgeting and saving habits.
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