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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] It's estate planning for the parents, but support for the recipients. I grew up working class, so I picked up on this fairly quickly, but took DH a bit of time to figure out who was getting cash and other forms of wealth transfers from parents. It's not hard to do, especially if you are working in similar jobs and have an idea about salary ranges. Some of these recipients are fairly clueless that not all of their peers receive comparable support. [/quote]
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