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Survey: 7 in 10 Parents Make Financial Sacrifices to Help Their Adult Children
Breitbart ^ | 05/16/2023 | KATHERINE HAMILTON

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: adult; donatefreerepublic; financial; parents; sacrifices
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To: ChicagoConservative27

the ONLY financial sacrifice I have ever made, or will EVER make, is affording an extra body on my Payroll. If the adult child wants something, I’ll let them work for the money... never will I just cut them a check.


21 posted on 05/16/2023 2:52:02 PM PDT by sit-rep
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To: jarwulf

Yes, it is.

But the expectations are higher. We didn’t have A/C, cable/internet, a new SUV, $6 coffee, and eating out 6 meals a week. Any run down house that could be worked on in stages over a decade to make it our own was considered great.

Not saying some of these things aren’t necessary. But the expectations for kids/couples starting out today seem to be much greater than we were willing to accept.


22 posted on 05/16/2023 3:14:55 PM PDT by John Milner (Marching for Peace is like breathing for food.)
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To: ChicagoConservative27

There’s a very fine line between helping your kids out and giving them hand outs. In general its best to let them struggle a little now and then so as to build confidence to handle life’s challenges on their own. Watching your kids grow into responsible adults is a very satisfying and rewarding thing, and ultimately a sign of parental success.


23 posted on 05/16/2023 3:30:42 PM PDT by Starboard
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To: ChicagoConservative27

Ha!! We Homeschooled our kids....at a “sacrifice”...But it was the best thing we did for them.


24 posted on 05/16/2023 3:34:11 PM PDT by Osage Orange (UKE)
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To: Organic Panic

From $44,000 to $800,000 in 23 years?
Wow!
Where are you located ?


25 posted on 05/16/2023 4:12:45 PM PDT by HereInTheHeartland (Have you seen Joe Biden's picture on a milk carton?)
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To: BenLurkin

FROM “PARTICIPATION TROPHIES” to draining parents retirement accounts.

Glad I am as old as I am.


26 posted on 05/16/2023 4:24:06 PM PDT by ridesthemiles
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To: BenLurkin

Nor make paper airplanes.


27 posted on 05/16/2023 4:54:19 PM PDT by waterhill (Stop waiting for the right time, time is not waiting for you.)
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To: Clemenza

I think you have a good point, however, that all depends how well family members get along with each other.

I would never want to live with certain members of my family.

Why? Because some don’t share my values. Some are loudmouth opinionated blowhards, who handle money and other issues completely differently that I do. There would be endless conflict living with some of them.


28 posted on 05/16/2023 6:34:13 PM PDT by Dilbert San Diego
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To: ChicagoConservative27

Our parents never helped us financially. We have spent tens of thousands of dollars helping our parents.

I would’ve been a bag lady before even thinking of asking them for money.


29 posted on 05/16/2023 6:59:34 PM PDT by MayflowerMadam (Worrying doesn't take away tomorrow's troubles. It takes away today's peace.)
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