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

A 2026 Wells Fargo survey revealed that two-thirds of parents with adult children aged 18 to 28 still provide financial support, facing strain in the process. Despite assumptions that Gen Zers are living beyond their means, the financial aid primarily covers essential expenses. Emily Irwin, head of private wealth planning at Wells Fargo, clarified that parents are helping their adult Gen Z children navigate a challenging job market, low wages, and high living costs.

They want to help their kids financially during their lifetime rather than waiting for an inheritance after parents' deaths. The financial strain on parents is mainly due to a lack of communication regarding the financial support, such as how much is provided, when it will end, and whether it should be repaid. Gen Zers are facing significant economic and career challenges, with many struggling to find jobs and facing high inflation and interest rates.

Despite this, most are not living beyond their means, as they feel uncertain about their careers and want to save more than before.