Two-thirds of parents say their adult Gen Z kids still rely on them financially for support—even though it's putting them under strain

Parent with Gen Z adult kid talking about money (Credit: Dragos Condrea / Getty Images)

Gen Zers may be turning their tassels, flying the nest, and securing their first full-time jobs—but many are still bankrolled by mom and dad to stay afloat. Now, it’s leaving both the young generation and their parents feeling the squeeze.

Around 64% of parents with Gen Z children, aged 18 to 28, said that their adult kids still rely on them for money, housing, or other financial support, according to a new survey from Wells Fargo.