|
Older DC - when going to college interstate and moved to another state again for post grad
Younger DC -hoping for something similar but expecting him/ her to be much needier due to various issues including mental health. He/ she is not a Motivated student and does not have career goals so they are likely to be home for a while. I am looking forward to an empty nest but only after they can all fly and land somewhere else safely. |
NP here. I don't see the point either. My 23 year old son graduated college a year ago and has saved 75k since then. When else would he have a chance to do that? Living independently isn't rocket science. He did that in college. It's basic |
Is your mom low IQ? I had no issues living on my own for the first time at 46. |
Not true at all. Most Americans are bemoaning the fact that they are unable to buy a house, have student debt, can't afford childcare etc, etc. Where as immigrant kids are doing great because they have parental support and a means to save money. It seems that most people have the same dream of having a nice house, money, a family, successful career. Does not matter if it is an immigrant's kid or the kid of an American. The only difference is that immigrant kid will get that dream with the parental support. American kid will always be the person who cannot grasp that dream and will end up divorced and poor. |
This is an American WASP cultural phenomenon. Around the world, people live at home and save money to start their married life. There is nothing good about being poor or financially strapped, especially in this country. If you can get a financial leg up in life then it sets you up to accumulate wealth.
However, we have to understand that many older Americans cannot afford to keep their kids at home and provide that kind financial help either. They are broke too and barely hanging on. They want their kids earning by 18 and out of the house. They do not have the deep pockets to pay for college, let them live rent free in their home after college etc. When they do let their adult children live with them they ask for rent and grocery money. This is a function of their financial situation and not the function of being American. Being American just lets them be a non-supportive parent without ridicule from others. This is cultural abandonment of their children. |
| My older cousin sadly died at 103 last week. She still lived at home. So I guess up to 103 years before they move out. |
Alone or with her parents? |
This is an American WASP cultural phenomenon. Around the world, people live at home and save money to start their married life. There is nothing good about being poor or financially strapped, especially in this country. If you can get a financial leg up in life then it sets you up to accumulate wealth.
However, we have to understand that many older Americans cannot afford to keep their kids at home and provide that kind financial help either. They are broke too and barely hanging on. They want their kids earning by 18 and out of the house. They do not have the deep pockets to pay for college, let them live rent free in their home after college etc. When they do let their adult children live with them they ask for rent and grocery money. This is a function of their financial situation and not the function of being American. Being American just lets them be a non-supportive parent without ridicule from others. This is cultural abandonment of their children. +1 |
|
|
My eldest moved out at 25 (took him a bit to finish college but now is very gainfully employed). My DD moved out at 23. My youngest is now doing his last year of college abroad and is having the adventure of his lifetime. I’ll be surprised if he comes back
Both my eldest kids live in the next town over and we see them regularly. Now it’s just the elderly dog that howls whenever I am gone for more than a couple hours (and hates the car so can’t take him). |
After high school. Of course you pay for their dorm or apartment and they are welcome to live at home during college vacations or if a pandemic hits or something but after graduation, they need to get a job and rent a place to learn to be independent. |
If you have so much money, gift a house, instead of letting them stay in their childhood bedroom. |
DP. Let's say it costs 500K to purchase a condo. I am going to give my kid 250K and they need to come up with 250K to purchase the condo. Where I came from in Asia, we paid everything in cash and no loan. I want my kid to have skin in the game and be responsible. My kid graduated with a CS degree so saving up 250K will take three years or less (his salary is 220k/year) and he is not responsible for rent, food and utilities. Once he has 250K, I'll give him 250K and tell him "have a good life, come back and see mom and dad once in a while". That's how you teach financial responsibility and financial freedom. I lived at home with my parents until I got married at the age of 33. I invested all of my earnings into investment portfolios between the age of 22 and 33. By the time, I got married, I had over 5M+ and that allowed my wife to be a stay home full time. Living at home for three years to build up a nest egg will not stunt your personal development. |
|
That’s great that you had such supportive parents. I did not b/c they paid for state college (VERY cheap back in the 1990s) and after that last tuition payment, they washed their hands of me. I had $3000 that I had saved over the summers to start out my adult life. Barely covered 1st month’s rent and security deposit in dumpy, dangerous 1990s Logan Circle. My nonprofit salary was 37K.
Yes, white family, both parents were first-gen American, interestingly enough. One WASP, one EE. I firmly believe in the Asian family support model. |