2 August 2026 at 7:37 pm
Summary
A recent Wells Fargo survey indicates that 64% of parents with adult Gen Z children (18-28) still provide financial support, leading to strain for 56% of these parents. This support often covers essential living expenses due to Gen Z facing a challenging job market, stagnating wages, and high cost of living, prompting parents to transfer wealth earlier in their children's lives.
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