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Reply to "Why do people care if adult children receive help from their parents/family?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm in a different category. My family can and does live within our own means, but we accept money from parents/ILs as part of their estate/retirement planning. Do we use that money -- only to increase our own savings that will likely be passed on to our own children -- but readily acknowledge that having savings like that gives us additional peace of mind that lets us be somewhat less frugal with our own income than we otherwise would. [/quote] Gifting money as part of estate planning is one thing. Giving money to adult children (I'm not talking about college) so that they can buy a fancy car or big house or buy other expensive things is another. Basically, when an adult depends on their parents for their lifestyle is I think what most people probably judge.[/quote] What about gifting money to an adult child (kid A) so that they have a down payment on a modest house or they can buy a cheap, reliable car. What if you gave a similar amount to your other child (kid B) and that child spent some of their own money to upgrade up to a bigger house or a nicer vehicle? [/quote]
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