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72% of Gen Z adults still rely on their parents for financial support.
According to Northwestern Mutual’s 2026 Planning & Progress Study, 72% of Gen Z say they lean on their parents for money, far higher than Millennials (53%) or Gen X (33%). Overall, 42% of U.S. adults still get financial help from the previous generation.
72% of Gen Z Adults Still Rely on Parents Financially
A striking 72% of Gen Z adults reportedly still depend on their parents for some form of financial support.
From housing and daily expenses to education and major purchases, rising living costs are making financial independence harder for younger adults.
The trend highlights a growing generational challenge: earning more isn’t necessarily translating into becoming financially independent faster.
For Gen Z, the road to financial freedom may be taking longer than expected.
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