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Money and Finances
Reply to "NYT: 30 somethings still being bankrolled by their parents"
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[quote=Anonymous]I'm 41. My parents dont pay our bills, but do give us stuff, commonly cash, for purchases. And its almost always to plus-up things we're already doing. 6 years ago we bought a van since my wife had a litter (2 babies at once), they gave me 20 grand. I bought a van that cost 40 grand. Most expensive car I ever or will ever buy. Still have it, all 21K miles on it and all. Now, sans their money, I would have just bought a used van for 20 grand. I wouldn't have spent any less out of my own pocket. Its the same stuff their parents did, adjusted for inflation. I've never taken it for granted, and always been extremely grateful. I do feel its different than having someone pay my monthly rent, but.....now we're just debating the time value of money. There's a big wealth transfer underway as the boomers...ahem...move on, either dead or downsizing. [/quote]
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