Generational Financial Support: Gen Z Relies on Family Assistance, says BofA Survey
Wednesday, 10 July 2024, 13:14
Gen Z Financial Support
A recent Bank of America survey revealed that 46% of adult Gen Z members rely on financial help from parents or family for various needs.
Raising Concerns
- 46% of Gen Z adults are dependent on family assistance.
- Support covers expenses like housing and groceries.
This reliance on family aid underscores a notable trend in intergenerational financial support among the younger generation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.