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Nearly half of Gen Z get help from the Bank of Mom and Dad

RHS 2017

the staff of the Ridgewood blog

Ridgewood NJ, in today’s high-cost living environment, many young adults find themselves turning to a familiar safety net: their parents. A recent report from Bank of America reveals that nearly half (46%) of Gen Zers, aged 18 to 27, rely on financial assistance from their families. Furthermore, 52% of them admit they don’t earn enough to live the life they desire, with day-to-day expenses being a significant barrier to their financial success.

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