41% of Gen Z Would Rather Struggle Than Accept Family Money

Key Findings:

• 41% of young adults prefer complete financial independence over any parental support, even when struggling.
• 43% invest in both traditional products and crypto, with social media influencing 31% of investment decisions.
• Only 25% claim to pay for everything themselves, revealing a gap between ideals and reality.

Generation Z often gets framed as the “struggle generation” — financially pressured, burdened by housing costs, and leaning on parental support. A new CEX.IO survey of 1,200 young adults aged 18–27 explores how parental support shapes Gen Z’s financial lives, and reveals a deep tension between dependence and the desire for autonomy.

If they could, 41% would choose no financial help at all from their parents, preferring to stand entirely on their own despite economic headwinds

However, this preference for autonomy stands in stark contrast to current reality. Only 25% claim to pay for everything themselves today, while 34% receive occasional help with major costs and 23% have most main expenses covered by their parents

The disconnect between aspiration and circumstance reveals a generation caught between idealism and economic pressure.

The Independence Paradox

When asked to choose between financial comfort with family support versus a tougher road with full freedom, 39% selected the harder path. Another 26% want a phased approach, suggesting that even those accepting help view it as temporary. Combined, 65% of respondents see parental financial involvement as something to minimize or eliminate entirely

Among those whose parents cover significant expenses, 43% say parental opinions have little impact on their life decisions and they ultimately follow their own path. Another 20% admit their parents’ views carry significant weight in these decisions. Education and professional training remain the most acceptable form of parental support, followed by emergency help.

Crypto Has a Significant Share in the Investment Mix

This generation’s approach to building wealth reflects their digital-native status. 43% invest in both traditional financial products and cryptocurrency, while another 21% focus primarily on higher-risk assets like crypto and speculative stocks. Only 15% stick exclusively to traditional investments, and just 9% aren’t investing at all.

Social media plays an outsized role in shaping these decisions. 31% say online creators or communities influence their investing choices most, while 23% look to friends and peers

Given $1,000 to invest tomorrow, nearly half (49%) would split it between safer and higher-risk options, demonstrating a balanced approach despite their increased appetite for crypto. However, 21% would skip investing entirely and use the money for immediate needs or experiences, highlighting how financial pressure shapes decisions.

Where the “Free” Money Goes

When Gen Z does have “free” money to spend, 51% prioritize experiences like travel, dining, and events over everything else. Only 23% focus primarily on investing for the future, while 13% concentrate on building security through savings and emergency funds. The emphasis on present-moment experiences over long-term planning could reflect an economic anxiety.

The barriers to investing reveal deeper struggles. 37% cite fear of losing money or making bad decisions as their biggest obstacle, while 29% simply don’t have spare money to invest. Another 17% have other priorities like studies, career, or health concerns that take precedence.

The Long View

Looking ahead, young adults split into three camps. 41% focus mainly on stable monthly income to cover current expenses, treating financial freedom as a distant goal. Another 30% want both stability now and a clear path toward freedom, while just 16% actively work toward long-term financial independence through investing and passive income streams. Notably, 13% feel too financially pressured to think beyond survival mode.

## What It Means

The 16-point gap between those who want complete independence (41%) and those who’ve achieved it (25%) indicates that Gen Z wants independence but can’t always afford it yet. They inherited an economy where entry-level jobs barely cover basics and the timeline to financial stability has stretched years longer than previous generations experienced

As a result, their fierce resistance to ongoing parental support makes sense when you consider the trade-offs. Among those receiving significant help, some admit their parents’ opinions may heavily influence major decisions. So financial dependence isn’t free. That is why many young adults would rather struggle and stay in the gig economy than accept help with invisible strings attached.

In that sense, experimenting with crypto alongside traditional investments (43% do both) starts looking reasonable. Gen Z watched millennials follow traditional advice, get college degrees, invest conservatively, and still struggle to buy homes or clear debt. That is why a safe path may not look as appealing anymore, so taking higher risks may be perceived as a more justified approach just to keep up or achieve financial independence.

When buying a home requires saving for decades and retirement is over 40 years away, prioritizing travel and relationships in your twenties may not feel as irresponsible. For those who spend on experiences over savings (51%), this could be perceived as tangible value now over distant goals that might never materialize.

For Gen Z, autonomy matters more than comfort, and that’s not idealism but a survival strategy.

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