As young Americans struggle with high costs of living and salaries that haven't kept pace with inflation , some of them rely on loans to make ends meet.

Nearly half (46%) of Gen Z between the ages of 18 and 27 depend on financial assistance from their family, according to a 2024 report from Bank of America .

What's more, even though some parents are willing to help their kids out with cash, those loans don't always come without strings attached — sometimes in the form of interest.

Financial media company MarketBeat.com 's new report, which surveyed more than 3,000 parents, found that an increasing number are charging their adult children interest on family loans.

"The Bank of Mom and Dad has always been generous, but even generosity comes with boundaries," says Matt Paulson

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