Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Millennials, Gen-Z expect parents to help pay for first home, according to survey
NBC News via WPXI ^ | February 11, 2020

Posted on 02/11/2020 3:44:00 AM PST by rightwingintelligentsia

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-4041-58 next last

1 posted on 02/11/2020 3:44:00 AM PST by rightwingintelligentsia
[ Post Reply | Private Reply | View Replies]

To: rightwingintelligentsia
Parents whose children were still living at home were the most willing to put retirement on hold until their nest was empty.

Yeah, duh!

When our youngest daughter is 20, I will be 65, and my husband will be 69.

2 posted on 02/11/2020 3:48:03 AM PST by Tax-chick (You're only one book away from a very good mood. (Washington County, UT, Library)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightwingintelligentsia

Also, I don’t understand why we’re “alarmed” that some older adults are delaying retirement, given the nation’s underreported but growing issue with pension underfunding.


3 posted on 02/11/2020 3:49:07 AM PST by Tax-chick (You're only one book away from a very good mood. (Washington County, UT, Library)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightwingintelligentsia

Millennials, Gen-Z expect parents to help pay for first home, according to survey

Well then, you better commit to taking care of them in their old age...


4 posted on 02/11/2020 3:50:29 AM PST by Vendome (I've Gotta Be Me https://www.youtube.com/watch?v=BB0ndRzaz2o)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tax-chick

oh lord. I don’t know how you do it! My husband was the tail end of two marriages and about 14 kids. By then his parents had pooped out and were too tired to discipline (my husband who is let’s say not the fold your napkin sort)

I had my last child when I was 27 and it was fairly tiring then, but at that time I was a divorced mom of two and working two jobs so that could account for some tiredness, I guess.

I’m 59 now and have been working full time non stop (no maternity leave nor child support) since I was 17. I have one more year to go before I retire from my “main” job.


5 posted on 02/11/2020 3:58:54 AM PST by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Tax-chick
Also, I don’t understand why we’re “alarmed” that some older adults are delaying retirement, given the nation’s underreported but growing issue with pension underfunding

I'm closer to 80 than 70, but I'm still working because when I retire I trade a $193k salary for a $13k pension. It doesn't seem like a good financial trade off just to be able to sit around the house.

6 posted on 02/11/2020 3:59:26 AM PST by from occupied ga (Your government is your most dangerous enemy)
[ Post Reply | Private Reply | To 3 | View Replies]

To: AbolishCSEU

oh and p.s. my grown children bought their own houses without asking me for a penny. Now we do help out with repairs or advise on purchases/remodeling.


7 posted on 02/11/2020 4:00:14 AM PST by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
[ Post Reply | Private Reply | To 5 | View Replies]

To: rightwingintelligentsia

My folks didn’t make this offer and I’m not going to make this offer.


8 posted on 02/11/2020 4:00:40 AM PST by ealgeone
[ Post Reply | Private Reply | To 1 | View Replies]

To: ealgeone

Same here; I doubt many parents are able to. I work with many people approaching retirement age who are helping their adult children pay off school...


9 posted on 02/11/2020 4:03:39 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 8 | View Replies]

To: AbolishCSEU

I’m fortunate to enjoy extremely good health and thrifty habits. My older children sometimes complain that their little sister is a brat, and I reply, “This from YOU!” and then we all tell stories about what a nightmare Brother X or Sister Y was. Fun times!

Best wishes for a comfortable retirement!


10 posted on 02/11/2020 4:04:43 AM PST by Tax-chick (You're only one book away from a very good mood. (Washington County, UT, Library)
[ Post Reply | Private Reply | To 5 | View Replies]

To: from occupied ga
It doesn't seem like a good financial trade off just to be able to sit around the house.

Especially if you don't feel like sitting around the house. Many of my friends in their 70s put in nearly a full time job of volunteering at church or other organizations, although I guess it's easier to take a vacation from that than from an employee position.

11 posted on 02/11/2020 4:07:13 AM PST by Tax-chick (You're only one book away from a very good mood. (Washington County, UT, Library)
[ Post Reply | Private Reply | To 6 | View Replies]

To: rightwingintelligentsia

This is what happens when parents do not teach kids responsibility when growing up. This is why they are for socialism.


12 posted on 02/11/2020 4:26:33 AM PST by LoveMyFreedom
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightwingintelligentsia

That is not surprising. My wife is still paying her daughters and SILs rent, car costs, and his tuition. They are both in their 30s. Of course the alternative is they could move in here (once I ran out of ammo.) So, coincidentally yesterday, DIL said they were thinking of buying a house rather than paying rent! When my wife got off the phone, I pointed out they can do what they want once they have the down payment and a job because the gravy train is out of fuel: no down payment, no cosign, no paying mortgages, NADA. I pointed out to her that she is subsidizing them with the intent they will become self sufficient when his latest career path gets going. When he graduates, his job pay will somewhat exceed our help plus benefits they get so in effect, he will get an income cut. Encouraging them that a house is right around the corner without assistance is not going to happen frankly because we cannot financially afford to keep this up without going into debt to do so. Perhaps I need get Dave Ramsey’s advice!!


13 posted on 02/11/2020 4:37:38 AM PST by Mouton (The media is the enemy of the people.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tax-chick
full time job of volunteering

If I'm going to work I intend to get paid for it.

14 posted on 02/11/2020 4:46:08 AM PST by from occupied ga (Your government is your most dangerous enemy)
[ Post Reply | Private Reply | To 11 | View Replies]

To: rightwingintelligentsia

I have to laugh. How pathetic.


15 posted on 02/11/2020 4:49:14 AM PST by simpson96
[ Post Reply | Private Reply | To 1 | View Replies]

To: from occupied ga

Entirely reasonable.


16 posted on 02/11/2020 4:52:31 AM PST by Tax-chick (You're only one book away from a very good mood. (Washington County, UT, Library)
[ Post Reply | Private Reply | To 14 | View Replies]

To: rightwingintelligentsia
do their fathers get Prima Nocta too???
17 posted on 02/11/2020 4:52:37 AM PST by Chode (Send bachelors and come heavily armed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Chode

That’s revolting. Who even thinks about something like that? EEEEEEEEW.


18 posted on 02/11/2020 5:07:03 AM PST by Tax-chick (You're only one book away from a very good mood. (Washington County, UT, Library)
[ Post Reply | Private Reply | To 17 | View Replies]

To: rightwingintelligentsia

That’s why I do lawn maintenance and pool maintenance, so I can pay for my own house. My Deplorable parents will help me, but I think if you want to be independent, you shouldn’t have parents buy it...


19 posted on 02/11/2020 5:27:51 AM PST by ConservaTeen (WFLA's Jack Harris: Brooklyn is missing their village idiot. Right you are, Jack.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightwingintelligentsia

Not mine. All moved out by 20, one was 18.

All living independently.

We have loaned them money for education etc but told them long ago we’re not paying their way.


20 posted on 02/11/2020 5:38:22 AM PST by cyclotic (Democrats must be politically eviscerated, disemboweled and demolished.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-58 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson