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Money and Finances
Reply to "NYT: 30 somethings still being bankrolled by their parents"
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[quote=Anonymous]This is not new. My family was never one of means, but my grandparents gave my parents money to help when my dad went back to school - as did the government since we were on foodstamps. My parents bought their first house only when my mom's parents died and she got a small inheritance from selling their house. We bought our first house with a down parent gift from my parents who even now regularly gift us Christmas checks of 1,000-5,000. We are not rich and not poor, and this help has made a world of difference for us. It is the same story for everyone I grew up with, none of us were rich and all of us had grandparents who helped out financially or materially. Kinship networks and the help they provide have been going on since the beginning of human time. Perhaps it is more visible now that people have fewer adult and children on whom to spread their wealth.[/quote]
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