Young US investors need parental help — MarketWatch
In the United States, many members of Generation Z are beginning to invest in the stock market at a younger age, but they often need financial support from their parents. This was reported by MarketWatch.
The affordability crisis is creating additional pressure on American families, but it is not stopping many young people from investing. The publication notes that parents are making certain sacrifices to help their children get a financial start in difficult economic conditions.
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Help with basic expenses
Parents are supporting young adults by helping pay for housing, groceries, and fuel. According to a new report, such assistance with everyday expenses can give young people financial room to start investing earlier.
Direct investments for children
In some cases, parents themselves invest directly for their children. This is meant to give them an advantage at the start amid a difficult economy, MarketWatch writes.
