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Reply to "NYT: 30 somethings still being bankrolled by their parents"
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[quote=Anonymous]We don’t have local family, but we do have a set of financially comfortable grandparents (my IL’s, my own parents are ok financially but they need to take care of themselves at this point vs. spending a lot of money on their adult children). They have helped us and also helped my husband’s older siblings, both of whom are Gen Xers. I wouldn’t say it’s anything out of the norm, they started college savings accounts for both our kids, give a lot of presents and toys and stuff, and gave us a relatively small amount toward the purchase of our first home. I’m sure if either set of grandparents were local, they would love to babysit. I don’t see that as subsidizing too much, but maybe I’m out of touch. I do have many friends who’s parents gave them on the order of $50k+ to help buy a home, or who bought them a larger car when kids came along. That honestly seems very common around here. [/quote]
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