Category: supporting adult children
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He's 24. He's got a job. He's still living at home. My friend Cathy is beyond frustrated. Her son is not helpful around the house. She's tired of asking him to take out the garbage, empty the dishwasher or run an errand–in the car she and her husband are providing. Part of his inertia is…
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Will the surveys never stop? Here's another one–this time from Ameriprise Financial–on how generous we baby boomers are toward our grown-up children–and how worried we are about their future financial security and ours. A December 2011 survey of baby boomers with $100,000 or more in investable assets reports that nine out of ten–93 percent–say they…
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Yet another confirmation of what many of us know: We are the generation that offers our grown children financial help. Pew Research Center's latest poll finds that one in 10 American adults receive money or financial assistance from their parents or other family members. The bulk of those receiving help are emerging adults–men and women…
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They're back. And they like the living conditions. According to a recent Pew Research Center poll, 68% of young adults ages 18 to 34 who are living with their parents or have moved back in temporarily because of economic conditions say they are very satisfied with their family life. (Roughly a similar proportion–73%–who are not…
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"Why haven't our kids been able to get ahead in their careers?" a friend mutters. Her son is a filmmaker; her friend's son is a food photographer. Both men are in their 40s. Both men are being supported all or in part by their parents. Both parents wonder whether they should be paying the bills…
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Ever since the grand-twins were born, Pam and Dan have been very involved grandparents and parents. The boys–their daughter's children–live just 15 minutes away. In the first year or two, Pam and Dan were there to change diapers, feed babies and babysit so the parents could have a "date night" together every Sunday evening. Now…
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I hear the complaints from friends with college-age kids and recent college grads in the house. They don't have the drive their father or mother had at their age, they aren't taking life seriously, they're lazy, willful, don't help around the house. Why it's just like having a teenager living in the house again. Only…
