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Gen Z using retirement funds to support their kids, parents

9 August 2026
in Lifestyle
Reading Time: 3 mins read
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Gen Z using retirement funds to support their kids, parents

Gen Z using retirement funds to support their kids, parents

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They’re struggling to foot the Z bill. 

Gen Z can no longer afford to revel in the footloose and fancy-free freedom of youth, as nearly half of twenty-somethings are financially supporting both a child and a parent simultaneously, forcing most to tap into their retirement savings just to stay afloat, per alarming 2026 data. 

It’s a tough break for the youngsters amid the surging cost of living crisis, a squeeze leaving roughly 70% of Americans in danger of healthcare, food and housing insecurity. 

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