HARLINGEN, Texas (ValleyCentral) – A recent survey revealed that more than half of Gen Z and Millenials burn out by the time they reach adulthood.
The survey, conducted by insurancegathered responses from 1,000 Gen Zers and Millennials, who said they “don’t know how to complete common adult tasks on their own.”
To put that into perspective, half of Gen Z are now 18 or older. The oldest members of Gen Z are now 26 and the oldest Millennials are 42.
57% of Gen Z and Millennials say they don’t feel like they figured out how to become an adult. In the survey, 63% of Generation Z and Millennials said they felt unprepared for the responsibility of being an adult and admitted to feeling burnt out by adulthood.
The biggest struggle for both generations appears to be around cars, with 63% of the younger generation having no idea how to change the oil in a car, 48% not knowing how to change a tire and 42% not he knows how to jump start a car.
Furthermore, one in three Gen Zers and Millenials say they do not feel financially independent. As a result, parents are helping these younger generations stay “financially afloat”.
More than 22% say their parents have helped with their rent or mortgage in the past year, and 34% admit their parents have given them money (not as a gift) to help pay for something in the past year .
“In fact, 41 percent feel they rely too much on their family as an adult,” the survey says.
Nearly 50% of both generations say they think they will feel more of an adult when they buy a home, but 49% think they will never be able to afford one.