Reply to How much financial help are you really giving your adult children?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know people (30 plus) whose parents are paying for their down payment, co signing mortgages, paying for their grandkids braces, daycare, vacations, ivf, co signing on cars etc. a lot of these people would never admit to how much parental help they are getting despite having “good” jobs. [/quote]

Yup, that’s the reality of living in any large metro area with lots of wealth. As a young adult trying to make my way through life I’ve run into a number of people where it was extremely obvious they had some kind of significant help from relatives.[b] They were usually pretty reluctant to admit this but sometimes there’s no denying it like when someone buys a $1.5M house at 25 with less than a year of work experience and a single income that’s probably $150k at most. [/b][/quote]

Curious how you would want them to tell you this? Like what do you mean 'admit it'?

I can buy much more real estate than my income allows due to family help so I am curious at what point I explain this to people? I don't mind people knowing at all, but it seems awkward to bring it up when nobody asks specifically. [/quote]

it's nobody's business, unless you are constantly bragging about it.  
So yeah, you have family who can help you.  Many people do, it's just at varying levels of "help".  Unless you brag about it or judge others who cannot do the same things you can, there shoudlnt' be an issue.

And yes, not sure how a normal person brings this up, because it's not needed and bringing it up would be obnoxious and braggarting. 
[/quote]

Well, I agree. But other posters are insinuating that it should be brought up in some way since they think those they know in this situation won't 'admit' it. [/quote]

And those PP are likely trolls or just obnoxious people.  Who truly cares how your friends acquire something?  I'm just happy they have things they love and get to travel, etc.  They are my friends, so why would I be jealous or concerned?  Just don't understand that philosophy
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Exactly. I'm not entitled to financial information of my friends nor should I care. [/quote]

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