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Why Gen Z is saying ‘no’ more often – and saving more money
Young Americans are working to save money for their future goals and retirement despite housing costs straining their budgets, a new report finds.Bank of America on Tuesday released its latest Better Money Habits study of how adult members of Gen Z are handling their finances in adulthood. It found that Gen Z is getting more financially independent, with just 34% receiving financial assistance from parents or other family members – down from 39% in 2025 and 46% in 2024."We view that as extremely positive – more saving, less reliance on family members to get by," Will Smayda, head of financial...15 hours ago
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