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Reply to "How common is it for young adults to receive life changing amounts of money from family?"
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[quote=Anonymous]My parents paid for three kids to go to college, buy a used car upon graduation, and a chunk of our weddings. They also began gifting cash when we were in our mid 20s and all working. The money allowed us to save and live comfortably, settle down with a spouse, have a kid or three, and have a stay at home parent for the early years. Now we are all in our 50s and have no need for money. They still give it because why not? Better to transfer it sooner then later. My parents never grossed more than $120k (two incomes through our childhoods). They saved and invested regularly and have a comfortable retirement. I have one kid and expect to do the same-ish. [/quote]
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