1 Day
Source:
New York Post
Gen Z Using Retirement Funds for Family Care
Many young adults in the United States are supporting both their children and aging parents simultaneously, a situation known as the "sandwich generation." Nearly 30% of Gen Z adults have withdrawn money from their retirement savings to cover family expenses, which risks long-term financial stability. The ongoing cost of living crisis and family caregiving responsibilities are placing significant emotional and financial stress on this demographic.
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