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Adult Children
Reply to "How many parents still financially support their middle age adult children?"
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[quote=Anonymous][quote=Anonymous]That’s not “support,” OP. That’s estate planning. I’m not dependent on my parents, but I am lucky to receive gifts and other advantages (like not worrying about retirement). No, they are not making any sacrifices to make those gifts. Realistically, close-in DC suburbs mean very high income or generational wealth. Your neighbors could surely afford to pay their own way, they would just live somewhere else. [/quote] This. My inlaws gift us $15k each a year. Because they have it and rather we go on more vacations, spend it on our kids 529s etc. They are not "stuff" people so they drive and old car and wear old clothes. I get them nice presents to make their life more comfortable. But with generous fed pensions, a paid off house and few expenses (they are too old to travel) they dont need anything. We make enough and don't need their money either and donate generously to charity already. [/quote]
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