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BMO Survey: Parents are Stepping in as a Financial Safety Net for Gen Z and Millennials
BMO Survey: Parents are Stepping in as a Financial Safety Net for Gen Z and Millennials ...
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[{"type":"text","content":"\n\n\n\n BMO Survey: Parents are Stepping in as a Financial Safety Net for Gen Z and Millennials\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen5{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: LEFT; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt\n}\n.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n 45% plan on providing financial support to their children and/or grandchildren within the next year.\n \n\n\n\n Over one-in-five (22%) of Gen Z rely on family support to meet their general expenses\n \n\n\n\n Nearly two-in-five (37%) are responsible for the well-being of aging parents or in-laws and 15% are also raising children at the same time.\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 26, 2025\n \n\n /CNW/ - A special report from the\n \n BMO Real Financial Progress Index\n \n explores the growing financial interdependence among generations, revealing parents and grandparents are increasingly expected to support adult children.\n \n\n The BMO survey found that while nearly three quarters (73%) of Canadian parents and grandparents plan on leaving an inheritance to their children and/or grandchildren, nearly half (45%) plan on providing financial...