Many young adults, particularly in Gen Z, view adulthood as a milestone achieved by financial independence, which is increasingly out of reach.
The study found that only 11% of Gen Zers feel like adults, with many saying that true adulthood begins at 27 in the current economic climate.
A significant percentage of young adults lack basic financial products; over half haven't contributed to retirement savings, and nearly half don't have life insurance.
The majority of respondents across generations agree that adulting is harder than ever, reflecting challenges in achieving financial stability.
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