The implication of the question seems to be whether parents should cutoff their 25 yo when they get married. But OP should clarify. |
Many people are able to stand on their own two feet, but their SOL is less than their parents when they start out. For example, parents may be living in SFH, and ACs can only afford to rent an apartment or live with apartment-mates. In such a case, if parents give $ so that ACs can have better accomodations, nicer car, fun vacations, grander wedding, debt-free college, services and goods that would be considered a bit of luxury...is that called getting parent help? |
| you are not ready to get married at any age if your livelihood depends on other people |
yes |
In that case, 25 is not too young to get parents help and also marry. Hopefully, the future earnings are good and the temporary leaning on parents for a few years is A-ok. Nowadays, it takes many years to do PhD, medical, law, MBA etc. No need to put your life at hold. Get married early and have kidss in your 30ss. |
What |
It's not your responsibility to buy them a car, let alone a Tesla. Your responsibility is to produce independent adults. You haven't done that. I can understand helping them pay the rent while they go to med school, but if they aren't able to be adults and support themselves why get married? A parent's responsibility isn't to support their adult child AND their spouse. but, to each their own. |
If a woman has a child at 25, their chances of developing a career goes down. |
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Brother married at 19. They purposely didn't star a family for many. years. He finished college. She finished college. He finished law school. Each set of parents paid for college/law school, like they had planned.
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As most people don't want kids first few years of married life, marrying at 25 would hive enough time to enjoy life and build finances before having kids. |
| * give |
Good luck to your son and his family. They're going to need it. |
It's not about "feeling that way". It's facts. I know 15+ millionaires and NONE of them come from families with means---we all grew up poor/true MC at the most. Yet, we are all millionaires thru our own efforts. I know, it's apparently shocking to you because you are not a millionaire that you seem to think everyone else who "has it better than you" got there because of parental assistance. Yes, that's may be the case for some people, but for the majority of everyday people it's simply not the case. |
+1000 Huge difference between a young adult who requires parental financial help in order to pay basic bills (rent, auto, health, food, etc) and one who can do that themselves but their parents choose to give them a downpayment so they can own a condo and build equity rather than continuing to rent and have rent go up $100-200/year. If the parents/grandparents have enough money, gifting each year is a well understood way of estate planning. |
+1 However, if the parents are wealthy, what is the harm in giving your kids the house downpayment, helping with grandkids private school tuition and/or college tuition? I can't take it with me when I die. It simply makes tax sense to gift the max amount each year to our kids and their spouses (and the grandkids if they arrive). However, I would never do this if my kid plans to work only 20 hours/week for no reason other than "they just don't want to work". But as long as the kid and their spouse are working hard and not living beyond their means. But why wouldn't I want my kid, their spouse and my grandkids to live in a nice area with good schools, where their commute is only 10-15 mins vs an hour each way so they can have quality family time. I'd rather see my millions do some good while I"m alive and at a time that will help the most. But if they are not going to work, going to constantly go on expensive vacations and expect the money from us, then it wont happen. |