Reply to Who here is regularly supporting their adult children financially?

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Reply to "Who here is regularly supporting their adult children financially?"

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[quote=Anonymous][quote=Anonymous]I wonder about this as well. My son graduated last May from a top school and got a job paying $78K a year that he started in September. He's currently living at home to save some money. Lots of his co-workers (similar jobs, same experience) have apartments in Clarendon and Dupont. I just don't know how these kids afford it and still have a social life. My son, granted, is putting a lot of money away. He would really like to buy a condo vs. pay rent, but interest rates are too high right now. I do wonder how many of these kids with their own apartments are getting help from parents. We could easily afford to help him, but I'm not quite there with it. We would definitely help with a down payment on a condo though.
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Much smarter for him to live at home with you (assuming commute is doable) and save a ton.  He can still hang out with friends, and he will actually have some $$ to do so a few times per month since he can live rent free, all while still saving to buy

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