Posted on 05/16/2023 1:20:14 PM PDT by ChicagoConservative27
A strong majority of parents in the United States report making financial sacrifices to help their adult children, especially as they “[start] their careers in tumultuous period of inflation and rising interest rates,” according to a recent survey from Bankrate.
Approximately 7 in 10 report making financial sacrifices for their children, and nearly one third of that group (31 percent) say help is significant, KARE11 reported of the April poll on Tuesday.
(Excerpt) Read more at breitbart.com ...
And an entire generation of Americans who don’t even know how to tie their shoes.
Not me!..................
Families should take care of each other, just as kids should take care of their parents in their older years.
I never dreamed I would still be partially supporting a 37 year old.
But here I am.
We do, for the grandkids and a few extras, and to be kind and loving. All of our kids are responsible and employed but this economy sucks Bath House Barry’s balls.
I’m a strong believer that multi generational living should make a huge comeback. Trying to convince my family even now. Everyone could save, everyone could relax a little, the kids would have lots of love and guidance, and we could beat the system. It’s what immigrants do and they are beating the pants off of Americans.
Just sayin.
nor i. they pay their own bills.
In 2023, in a truly uncertain and cruel world, it makes you a good parent. And you know this. It's just not the same when we were 37. Not even close.
Its a lot harder now to get a home, children, and all the trappings of a middle class existence than it was in the 60s. Just saying...
When my kids graduated high school, I told them, “Your financial problems are not my financial problems. Spend you money wisely.”
I agree. I pay for my grandkids music lessons. The parents could afford it, but so can I and it is one less thing for them to worry about and the kids are learning music. My oldest grandson is a baseball player and I've bought him every bat he's ever used. Same deal, his Dad could afford it but so can I and this way he can spend the ball bat money on something else his kids need.
Before my nephews 13 and 10, fly the nest, I plan on giving them each a copy of Ben Franklin’s “The way to wealth” to read. I hope they learn from it.
I also think in terms of keeping as much wealth as possible within the family. Why pay rent and make some other family rich?
My first house in 2000 was 44k
Now, housing in that same neighborhood is over 800k (Californicators and it is river front.) Any little dump now is scooped up in Hours. My last house sold in 20 minutes 80k over asking. Wages have declined since chomo Joe. So indeed I understand parents helping their adult offspring with some expenses. And heck. Would multi generational families in one house be a bad thing?
The average American man lives to age 72. Your son at 37 is past the middle of that. At 37, he is a middle aged man.
I would rather help my kids now than wait for the Government to find a way to take the money.
Families have always helped eachother out financially or otherwise. It is a sign of a healthy society. I for one wish to abolish the post-war nuclear family - and return to the extended family support networks we used to have.
More evidence of the mental health crisis in the US for young and older adults.
100% agree.
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.