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0.00154049514495558 0.00149080175318286 -0.000228589602154724 -0.00227595734319258 -0.00810002285896031 -0.0110319329735532 -0.0139638430881462 -0.0176809087927488
Stock impact report

In an affordability crunch, Gen Z adults are leaning on their parents for financial help [CNBC]

Ameriprise Financial, Inc. (AMP) 
Last ameriprise financial, inc. earnings: 1/29 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.ameriprise.com
Company Research Source: CNBC
Supporting adult children comes with risks to parents' own long-term financial security, as well as potentially making it harder for young adults to achieve financial independence, according to an advisor on CNBC's Financial Advisor 100 list for 2025. By some measures, Generation Z is the hardest hit by the affordability crisis Even though young adults are more likely to have a college degree and work full time compared with their parents at this age, that combo also comes larger student loan balances , which have proved to be a significant obstacle for those starting out. At the same time, prices for goods and services continue to rise and wages just haven't kept up with those soaring everyday expenses . Between 2017 and 2025, median weekly earnings grew by 38%, while rents increased by 50%, according to a new analysis by the Urban Institute Americans across the board struggle with higher costs, but nearly half, or 49%, of adults ages 18 to 29 have delayed or skipped medical Show less Read more
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