"The Financial Dependence of US Millennials and Gen Z on Their Parents"

A new Pew report reveals that young Americans aged 18-34 are struggling to achieve complete financial independence, with nearly half receiving financial help from their parents, particularly to cover household expenses and housing costs. Despite being more likely to be employed full-time and better educated than previous generations, they face modest wage increases, significant student loan debts, and higher housing costs. This financial pressure is also impacting their ability to start families. Additionally, the report highlights that some parents, especially those with lower incomes, are also facing financial challenges as they support their adult children.