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Gen Z consumers rely on parents amid inflation squeeze

Gen Z adults in the U.S. face increasing financial challenges because of inflation and rising living costs, with 46% relying on financial assistance from their parents and families, according to a report by Bank of America published on Wednesday.

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A survey from Bank of America suggests half of Generation Z adults, ages 18-27, don't pay for their housing and many get financial help from family.

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Gen Z: Many stuck in 'parent trap,' needing financial help from Mom and Dad, survey finds

A whopping 46% of Gen Zers are dependent on financial assistance from their relatives, according to new findings, and that includes help with housing costs.

Here’s how many Gen Zers rely on their parents to keep up with today’s high costs of living

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Nearly 1 in 4 55-year-olds will need financial support from family after retiring: Survey

Vault’s Viewpoint The cost of living has grown at a faster rate than income, making it harder to pay for basic necessities with current wages. Many in Gen Z rely on financial help from others, especially parents, and that can provide a basis for building a strong financial future. There’s only so much you can

New Bank of America Study Highlights the Financial Struggles Gen Z Is Facing

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A large number of Gen Zers aged 18 to 27 are dependent on relatives to meet their financial needs, with many cutting down daily expenses to deal with rising living costs, according to a recent survey by the Bank of America (BofA).
Among Generation Z Americans, 46 percent are reliant on financial assistance from their parents or other family members, BofA said in a July 10 statement. Many respondents said they were “not on track to buy a home (50…

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Nearly 50 Percent of Gen Z Receive Monetary Assistance From Family: BofA Survey

Nearly half of Gen Zs rely on their families for financial support, a new study found. The rising costs of everything is straining Gen Z's financial independence. Despite practicing 'loud budgeting,' 57% of Gen Zs lack savings for three months' expenses.



Business Insider

Gen Zs are better at 'loud budgeting,' but nearly half still need financial support from family: study

Gen Z can't afford the busy city lifestyle they want, a new Bank of America report has found. So they're asking the bank of Mom and Dad.

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Chatchaval Jiaravanon

Gen Z want to live in expensive cities—instead of moving to the outskirts, their parents are paying their rent

/PRNewswire/ -- Today, 46% of Gen Zers (ages 18-27) rely on financial assistance from parents and family, according to new research from Bank of America...

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Parent Trap: Nearly Half of Adult Gen Zers Getting Financial Help from Mom & Dad, According to BofA Study

Nearly half of Gen Zers age 18 to 27 rely on financial assistance from their parents or family, according to survey results recently released by Bank of America’s Money Habits financial education team.

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Nearly half of Gen Z adults say they get financial help from parents and family

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Nearly Half of Adult Gen Zers Getting Financial Help from Mom & Dad, According to BofA Study

Nearly Half of Adult Gen Zers Getting Financial Help from Mom & Dad, According to BofA Study

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