Reply to How many parents still financially support their middle age adult children?

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[quote=Anonymous][quote=Anonymous]My husband and I fully support ourselves off our salaries (combined about $340k). We live in a small apartment with our two kids in the Bay Area because homes are $2 million or more. BUT I inherited stocks when I was young and my grandfather died (which pay dividends), my parents gift the full allowed amount annually to me and my siblings / our spouses as part of their estate planning (this year they exceeded it) and they are finally generous in other ways. Like last summer they vacationed and wanted us to join them - we paid for our flights and car but they paid for our condo. Could we have paid the $2k for the condo? Yes! But they wanted to and like spending their money on things that mean more time together.

I find myself wondering how many people in their 40s you know who are truly relying on their parents to make ends meet vs receiving money that is “above and beyond”. The gifts / inherited wealth mean we’ve built up substantial savings, but we certainly live well within our salaries and would be doing okay without the gifts. [/quote]

My kids fit this.

We love spending time with all of them.

We offer things like what your parents do we take great care not to overstep.

[/quote]

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