Around 64% of parents with Gen Z children, aged 18 to 28, said their adult kids still rely on them for money, housing, or other financial support, according to a 2026 survey from Wells Fargo. But despite assumptions Gen Zers are living outside their means, most parents aren’t stepping up to finance the lavish lives of their adult children. Gen Zers are battling a sluggish entry-level job market, stagnating wages, and high cost-of-living while wanting to financially prepare for the future. “[Adult Gen Z] kids who are receiving the financial support are really in this perfect storm,” Irwin said. Why are parents giving Gen Z kids their future inheritance now?