Some Gen Z and Millennials who quit their jobs are moving back in with their parents, and relying on them for financial support.

Some Gen Z and Millennials who quit their jobs are moving back in with their parents, and relying on them for financial support. The Great Resignation is still going strong, and while young workers are leaving their jobs for companies prioritizing their needs, many are turning to savings and family to help them out while they search for their next opportunity. According to a BambooHR survey, which spoke with more than 2,000 adults in the U.S. who have been employed or unwillingly unemployed in the last two years, 56% of those who quit are supporting themselves through savings, while the rest are relying on family (48%), retirement accounts (38%), and side jobs (31%). When it comes to young people, 70% of Millennials rely on a family member’s income while 59% of Gen Z do, compared to 51% of Gen X and 22% of Baby Boomers. A young person who recently quit their job told Fast Company: “People have had to make a lot of sacrifices, and they have to choose, do I want to stay unhappy in a job? Or do I want to stay in this job and not be at home? Or do I need to make certain step backs in order to step forward?” (Fortune)