Their. possessive. Gen Z and their parents is correct. Referring to the parents of Gen Z.
For reference,
they're. contraction. Gen Z and they are parents. Is not what was intended.
there. location. Over there.
For reference,
they're. contraction. Gen Z and they are parents. Is not what was intended.
there. location. Over there.
"The class tossed their graduation caps in the air" strikes me as less clumsy than its alternatives.