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Reply to "How many parents still financially support their middle age adult children?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I live in a close in Montgomery County suburb and it seems pretty clear that several of my neighbors are still being supported financially by their parents. These are people in their 40s who have multiple children.[b] I feel like if you haven't figured out how to be financially independent by the time you are in your 40s, it is very unlikely you ever will. [/b] Is being supported financially forever part of these people's life plan? If you support your children financially when they are middle age, do you feel good about it? It seems like parents in this situation must have to worry not only about whether their retirement savings will be enough to support themselves until they are 100, but if their savings are enough to support their children until they are 100! I guess I'm just jealous and bitter! :-) [/quote] I feel that if you aren't the parent giving the money than you have no reason to judge at all. Many families believe passing on their inheritance while they are still alive and when their kids really need the money. Rather than give the government their money. You can't take it with you. And yes, it is obvious you are super jealous. MYOB[/quote] You can’t take it with you, but you might need it if you end up having to live in assisted living for 10 + years. [/quote] If you are worth 10s of millions, paying for your grandkids education and kid's downpayment and weddings is not going to prevent you from paying for assisted living for 10+ years. Most of us have planned for that and have plenty saved to manage. And yes, it does sound like most are just super jealous[/quote] What adult uses the phrase “super jealous”?[/quote]
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