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Reply to "How many parents still financially support their middle age adult children?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What does financial support mean to you? My parents are wealthy and pay for family vacations and my kid's private school tuition. DH and I have good jobs and pay our bills and save appropriately. I wouldn't say my parents support us although we would make some different decisions if they didn't help with those things. [/quote] No they definitely support you.[/quote] +1 When you *don’t* have support like this, you see it clearly for what it is. Direct financial support like this would be nice, but what I really crave is knowing that there’s some kind of safety net beyond me and DH. We’ve built our own through expensive life insurance, but the people I know with wealthy extended family are secure in a way that I’ll never be. Win some, lose some.[/quote] Yes, generational wealth is a different kind of freedom. I've met people who are cool with owning it, they don't act like they've "worked for" their 1m lifestyle on 100K salaries, they are gracious and chill about it.[/quote] PP you’re quoting and right. I had a good friend in grad school who came from generational wealth; she was completely open (and chill) about it, and also a very generous friend. She often bought rounds when we were out, etc. - she said often she knew she was lucky. None of this disingenuous posturing about how her parents didn’t support her when they did.[/quote]
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