Parents Financially br Supporting Gen Z , Highlights Current , Economic Woes.br 'Newsweek' reports that a recent br survey found that 47 of parents arebr financially supporting their adult Gen Z children.br While this number includes everything from br credit card bills to vacations, another 60 said br they are still covering their kids' monthly rent.br Overall, the survey by Savings.com found br that parents are paying twice as much for their br adult children than they are contributing to their retirement savings every month.br The survey found that parents are contributing br an average of $1,384 per month to their br kids, and just $609 to their savings.br 'Newsweek' reports that while some may accuse br Gen Z of mooching off their parents, analysts suggest br it may be a sign of the current state of the economy.br Amid surging rent and food prices, many br Gen Z-ers are entering low paying jobs br while also shouldering massive student debt.br There is a clear challenge in br the economy today. Driven by br a convoluted mix of socioeconomic br factors, adults receive help from br their parents well into their br twenties, thirties, and beyond, Beth Klongpayabal, Savings.com's br analytics manager, via 'Newsweek'.br For some, it's tempting to simply br say that today's young adults are br just mooches and that a strong foot br in the rear will launch them into br normal, independent adulthood, Beth Klongpayabal, Savings.com's br analytics manager, via 'Newsweek'.br For some, it's tempting to simply br say that today's young adults are br just mooches and that a strong foot br in the rear will launch them into br normal, independent adulthood, Beth Klongpayabal, Savings.com's br analytics manager, via 'Newsweek'.br That may be gratifying for parents br who are tired of footing the bill, br but it doesn't solve or even br properly describe the economic br factors at play, such as br rising housing costs, Beth Klongpayabal, Savings.com's br analytics manager, via 'Newsweek'.br 'Newsweek' reports that many parents are also facing br job insecurity and record amounts of debt, painting br a dire picture of a multigenerational economic crisis.