Reply to Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Did anyone else read Michelle Singletary's article in the WAPO about her three young adult children who are still living at home - rent free?  She claims they are saving for retirement, good grief. She has lost all credibility. I can't take her seriously.

https://www.washingtonpost.com/business/2024/02/14/financial-cut-off-adult-children/[/quote]

I feel like you don't know her style/mindset at all. She is incredibly conservative financially. Basically no debt ever except a mortgage that you should not stretch to afford. Doesn't matter if interest rates are negative and you can have roommates for a few years or live on beans and rice until you don't have to stretch. She'd still tell you not to do it.

She was being interviewed on some NPR show in the last month and talked about this - saying that they had a sit down conversation and this plan was thought through/it was a conscious decision and not because the kids couldn't live anywhere else.

We have close friends who are pretty financially well off and always were. Yet they lived with his parents their first year of marriage to save for a down payment.[/quote]

NP here. She is incredibly controlling, in ways I believe triggered by her own childhood. I have followed her for years and have enjoyed her column but her method would not have always worked for me. I remember her columns about her own daughter applying to college and how she allowed her to apply to her "dream school" knowing that she (Michelle) would refuse to pay for it (school was OOS Chapel Hill). Her daughter got rejected and ended up at the only school Maryland residents should ever attend according to Michelle, College Park. The entire situation was sad and manipulative. What if the daughter had been accepted, why wasn't Michelle more upfront about the costs with her daughter and was just hoping she'd be rejected and why did she write about it all and have it published.

She is not financially savvy, she is just terrified about being poor again, and I get that. I was poor as a kid too. But she doesn't offer leveraged advice, just save every penny, under your mattress.[/quote]
She’s also very vocal about tithing 10% of her gross income. Good for her but anyone struggling with their finances should prioritize themselves.[/quote]

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