More than half of the Bank of America respondents also said they don't make enough money to live the life they want due to the cost of living.
Your Generation Z child might be eager to leave the nest, but don't expect them to have the same haste when it comes to leaving your bank account.
The financial institution found 46% of those born between 1997 and 2012 are needing the extra support, and 52% said they didn't make enough money to live the life they want, mainly due to the cost of living. But even though the respondents said they were working toward their financial goals, within the next five years they say they won't be ready to buy a home , save for retirement or start investing , according to the survey.
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