{"id":34841,"date":"2026-08-09T17:37:20","date_gmt":"2026-08-09T12:37:20","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=34841"},"modified":"2026-08-09T17:37:20","modified_gmt":"2026-08-09T12:37:20","slug":"gen-z-using-retirement-funds-to-support-their-kids-parents","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=34841","title":{"rendered":"Gen Z using retirement funds to support their kids, parents"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content%2Fuploads%2Fsites%2F2%2F2026%2F08%2Fnewspress-collage-tceuu6ihr-1786112686803.jpg?quality%3D90%26strip%3Dall%261786098503\" \/><\/p>\n<div>\n<p>They\u2019re struggling to foot\u00a0the <em>Z<\/em>\u00a0bill.\u00a0<\/p>\n<p>Gen Z\u00a0<a href=\"https:\/\/nypost.com\/2026\/08\/01\/us-news\/gen-z-spending-weekends-alone-in-their-pjs-instead-out-going-out\/\" target=\"_blank\" rel=\"noreferrer noopener\">can no longer afford\u00a0<\/a>to revel in the footloose and fancy-free freedom of youth, as nearly half of twenty-somethings are\u00a0financially supporting both a child and a parent simultaneously, forcing most to tap into their retirement savings just to stay afloat, per alarming 2026 data.\u00a0<\/p>\n<p>It\u2019s a tough break for the youngsters amid the\u00a0<a href=\"https:\/\/nypost.com\/2026\/05\/05\/us-news\/67-of-voters-say-new-yorks-cost-of-living-is-out-of-control-poll\/\" target=\"_blank\" rel=\"noreferrer noopener\">surging cost of living crisis<\/a>, a squeeze leaving\u00a0<a href=\"https:\/\/nypost.com\/2026\/08\/04\/us-news\/way-more-americans-are-worried-about-cost-of-food-healthcare-than-the-stock-market-poll\/\" target=\"_blank\" rel=\"noreferrer noopener\">roughly 70% of Americans<\/a>\u00a0in danger of healthcare, food and housing insecurity.\u00a0<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Gen Zers are becoming financially responsible for children and their parents, causing them immense stress and potential monetary ruin.   <span class=\"credit\">Kritdanai \u2013 stock.adobe.com<\/span><\/figcaption><\/figure>\n<p>And these newcomers to adulthood are left holding the bag.\u00a0<\/p>\n<p>Oft-maligned\u00a0<a href=\"https:\/\/nypost.com\/2025\/05\/22\/lifestyle\/gen-z-whines-about-lazy-worker-label-in-workplace-debate\/\" target=\"_blank\" rel=\"noreferrer noopener\">as \u201clazy,\u201d<\/a>\u00a0skittish brats with\u00a0<a href=\"https:\/\/nypost.com\/2026\/07\/20\/lifestyle\/gen-zs-most-guilty-of-faking-productivity-at-work-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">zero work ethic<\/a>\u00a0and\u00a0<a href=\"https:\/\/nypost.com\/2026\/07\/21\/lifestyle\/gen-z-going-into-debt-losing-friends-to-avoid-asking-for-repayment-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">deplorable money-management\u00a0<\/a>skills, Zoomers, age 29 and under, are now the second-most prominent demographic in the \u201csandwich generation\u201d index, according to a new report <a href=\"https:\/\/myguidetoretirement.org\/family-financial-support-trends\/\" target=\"_blank\" rel=\"noopener\">via MyGuideToRetirement.org<\/a>, a family and financial planning hub.\u00a0<\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>The\u00a0<a href=\"https:\/\/nypost.com\/2026\/06\/16\/lifestyle\/majority-of-adults-caring-for-their-parents-say-it-helps-heal-their-relationships-survey\/\" target=\"_blank\" rel=\"noreferrer noopener\">sandwich generation<\/a>, comprised of adults caring for their fledgling broods as well as their elderly mothers and fathers, is currently dominated by millennials (46%), folks in their 30s and early 40s, with a surprising 39% of Gen Zers trailing closely behind.\u00a0<\/p>\n<p>Tragically, the burden of being the breadwinner \u2014 covering grocery bills, rent and housing expenses, medical fees and subscriptions, health insurance, and in-home care or assisted living costs \u2014 is taking its toll on Gen Z\u2019s soul (and savings).\u00a0<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Young adults in the \u201csandwich generation\u201d are prematurely tapping into their retirement funds in order to support their growing families and aging parents, according to the findings.  <span class=\"credit\">KMPZZZ \u2013 stock.adobe.com<\/span><\/figcaption><\/figure>\n<p>\u201cGen Z, in particular, carries an unusually heavy emotional burden for their age,\u201d wrote study authors, who surveyed over 1,000 US earners to determine the mental and monetary weight of providing for relatives.\u00a0<\/p>\n<p>The researchers found that 75% of Z\u2019s feel \u201cemotionally responsible for helping a loved one,\u201d the highest rate of any generation, with 76% frequently racked with stress about their personal finances due to these family obligations.\u00a0<\/p>\n<p>But dipping into their nest eggs to make ends meet could ultimately make matters worse for the ever-anxious bunch, warn the findings.\u00a0<\/p>\n<p>\u201cNearly a third of Gen Z adults (30%) said they have already withdrawn money from a retirement account because of family responsibilities,\u201d said the experts.<\/p>\n<p>That\u2019s more than millennials (22%), twice the rate of Gen X (11%), and over three times the number of baby boomers (6%) who\u2019ve done the same.\u00a0<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>A majority of Gen Z admitted feeling overwhelmed with stress and anxiety due to the financial demands of their families.   <span class=\"credit\">Daniels C\/peopleimages.com \u2013 stock.adobe.com<\/span><\/figcaption><\/figure>\n<p>\u201cZoomers might feel that early withdrawals are no big deal, as they have many working years ahead of them,\u201d continued the insiders. \u201cThis leads them to assume they\u2019ll be able to replenish the accounts later on without consequence.\u201d<\/p>\n<p>\u201cBut early withdrawals can create some of the most severe long-term damage because they prevent decades of potential compound growth.\u201d<\/p>\n<p>Without substantial savings, Gen Zers will be forced to delay retirement and postpone financial milestones such as debt repayment, building emergency funds and purchasing a home.\u00a0<\/p>\n<p>\u201cAs costs continue to rise, the tension between supporting loved ones today and securing stability tomorrow is becoming harder for households to ignore,\u201d say the pros.\u00a0<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Adult children taking care of their elderly moms and dads often help cover grocery bills, rent and housing needs, healthcare costs and assisted living expenses, per the study. <span class=\"credit\">Pixel-Shot \u2013 stock.adobe.com<\/span><\/figcaption><\/figure>\n<p>Still, all hope isn\u2019t lost for those \u201csandwiched\u201d in the middle of the mayhem.\u00a0<\/p>\n<p>\u201cSupporting loved ones has become a normal part of life for many Americans. Whether it\u2019s helping an adult child with rent, pitching in for a grandchild\u2019s expenses, or covering healthcare costs for an aging parent, families are often juggling responsibilities that go well beyond their own financial needs,\u201d the authorities noted.\u00a0<\/p>\n<p>\u201cAs caregiving demands grow and economic uncertainty continues, retirement planning may need to account for the possibility of supporting loved ones along the way,\u201d they recommended. <\/p>\n<p>\u201cFamilies that have open conversations about expectations, set realistic boundaries, and factor these responsibilities into their financial plans may be in a stronger position to help others without sacrificing their own future security.\u201d<\/p>\n<\/p><\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>They\u2019re struggling to foot\u00a0the Z\u00a0bill.\u00a0 Gen Z\u00a0can no longer afford\u00a0to revel in the footloose and fancy-free freedom of youth, as nearly half of twenty-somethings are\u00a0financially supporting both a child and a parent simultaneously, forcing most to tap into their retirement savings just to stay afloat, per alarming 2026 data.\u00a0 It\u2019s a tough break for the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":34842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/08\/newspress-collage-tceuu6ihr-1786112686803.jpg?quality=75&strip=all&1786098503&w=1200","fifu_image_alt":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-34841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-hub"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/34841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34841"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/34841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/34842"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}