Study by Bank of America Highlights Gen Z's Financial Struggles and Parental Support
Wednesday, 10 July 2024, 13:11
Gen Z Consumers Facing Financial Pressures
The study reveals that Gen Z adults in the U.S. are under pressure due to inflation and rising living costs.
Dependence on Parental Financial Assistance
46% of respondents rely on support from their parents to manage their finances during these challenging times.
Lifestyle Adjustments to Curb Expenses
A significant percentage, 67%, are making changes in their lifestyles to counter the growing living costs.
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.