This statistic shows the share of Millennial renters who receive parental help with down payment in selected metros in the United States in 2018. Nationally, over 17 percent of Millennial renters received down payment assistance from their parents, whereas 21.6 percent of those living in Los Angeles, California did.
This statistic illustrates the parental influence on the Millennial generations financial management habits in the United Kingdom (UK) as of January 2016. It can be seen that at that time ** percent of respondents stated that their parents had a negative influence on their money management habits.
This statistic highlights the results of a survey conducted in Italy as of 2016 among parents of the so-called Post-Millennials (people born in 1995 or later) and whose aim was to find out parents' opinion about their children's financial literacy. Particularly, they had to indicate to what extent they strongly agree or somewhat agree with ***** statements. As of the survey period, a large proportion of the interviewed parents (** percent) somewhat agreed on the fact that it is important to keep teenagers apart from complex issues such as money for as long as possible. Other ** percent of them strongly agreed that youngsters should learn how to pay with credit cards or online from an early age.
According to a survey conducted among Generation Z in South Korea in 2019, around ** percent of respondents stated that they chose and purchased their clothes by themselves. The share of Gen Z who said their parents paid for the clothes they chose was especially high among middle and high school students, while for college students, over ** percent of respondents said they both chose and paid for clothing.
According to a survey conducted among Generation Z in South Korea in 2019, around 40.5 percent of respondents stated that they used their own cards when using pocket money received from parents. It was followed by paying in cash and using mobile payment services such as Samsung Pay or KakaoPay
A 2023 survey conducted among Generation Z in Indonesia found that most respondents across all age groups had freelance work as their side jobs. Meanwhile, only about a ***** of respondents aged between 21 and 26 had no extra income sources. With living costs consistently on the rise, many Indonesian Gen Z members rely on side jobs to support themselves financially. Aiming for financial stability Many Generation Z members in Indonesia are part of the sandwich generation, where they have to support both their children and parents. Moreover, Gen Z spends most of their income on food as a basic necessity, leaving them with limited savings. Despite their efforts to invest for the future, most Indonesian Gen Z have not saved enough for emergency funds. The rise of the creator economy among Gen Z Known for their digital fluency, Gen Z in Indonesia drives the creator economy as they become increasingly interested in online side hustles. They are significantly influenced by social media in various aspects of life, from purchasing behavior to travel inspirations. Gen Z utilizes these platforms not only for self-expression but also to build personal brands and businesses, allowing them to generate extra income.
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This statistic shows the share of Millennial renters who receive parental help with down payment in selected metros in the United States in 2018. Nationally, over 17 percent of Millennial renters received down payment assistance from their parents, whereas 21.6 percent of those living in Los Angeles, California did.