A Northwestern Mutual study reveals nearly half of US adults rely on parental aid, with Gen Z and Millennials most affected.
A new study shows 42% of US adults receive financial support from their parents, highlighting persistent economic challenges for younger generations. The findings, part of the 2026 Planning & Progress Study, indicate 72% of Gen Z and 53% of Millennials depend on parental assistance.
The data suggests rising living costs, including groceries and rent, are key factors delaying financial independence. One in five adults surveyed said they do not expect to ever become financially self-sufficient, while expectations of inheritance from the Great Wealth Transfer may be overestimated.
Experts note external economic pressures, rather than personal choices, are driving this trend. The study underscores concerns about long-term financial stability for younger Americans.