 The new survey by Bank of America finds that nearly half of adult members of Gen Z are relying on financial help from their parents and family members to get by. Generation Z are those Americans born in the late 90s and early 2000s. And according to the new survey, nearly half of them, 46%, are receiving financial assistance from their parents or other family members. 57% of them say they use that borrowed money to help pay for necessities like groceries and toiletries. 53% say they spend it all on rent, utilities, and phone plans.