Reply to Who here is regularly supporting their adult children financially?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most people I know in their late 20s and early 30s (I am 31) got their parents to either cosign mortgages in the last few years or provide the down payment. The majority of these people have graduate or professional degrees, are working and are married or engaged. This was especially true if they had a baby. The grandparents seem to be horrified by the idea that their grandchild would live in a rental townhouse. [/quote]

My siblings and I are in our thirties.  We all bought homes without parental help.  Frankly, we didn't need it. Our parents paid for 100% of our education and bought us our first car (one of my siblings is still driving hers), and we all got graduate + level degrees and started our careers making very good money with no debt.  It did not take long to save for a down payment.  We also waited to have children until our early thirties, and we all married people with similar work ethic.  There is so much entitlement on this board.  It is antithetical to how I was raised.  I am grateful that I got a free education and would never expect my parents to chip in on a down payment or fund my portion of a family vacation.

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And I would never expect my parents to buy my first car nor pay 100% of my education.  Everyone has different views on what counts as entitlement--seemingly usually tied to whatever their parents did for them being the "right" amount and everything more than that excessive...[/quote]
+1 Mostly has to do with your income level and what happened for yourself at that age. 
We pay for college, first car, setting up the first apartment with furniture (deposit), etc.  Have funded/matched their Roth IRA since first job in HS and continue to give them the Roth amount plus another $10K for 401K.    They are 2 years out of college, saving a ton (yes, I know they can because of us, but they'd be saving even if we didn't help, just less).  We will pay for any wedding (if/when), help with downpayment for a home (when ready) and help fund the grandkids education (and our kid's grad degrees if they choose to go back).  That seems like a lot for many people.  
For us, it's just logical.  Rather than them getting millions when we die in 30+ years, why not gift it when it will most benefit them (20s/30s).  As long as they are not lazy, ungrateful brats we will continue to do that.  And by that I mean, they need to have a 40 hour/week job and living within their means.  If they want to rent a 3 bedroom apartment when they are single or rent a huge luxury home with 3+ bedroom or buy a 100K car, then they will be signaling that they don't need any assistance (we don't spend that much on cars and we are wealthy).  So far, so good.  They work hard at their job, try to be frugal and actively save and don't waste money. They are appreciative of the money we give them and it hasn't derailed them from becoming successful adults.

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Sounds like you attach a lot of strings…this in my experience is the problem.  Next you will meddle in their school
Choices for their kids, which house they buy (sounds like you that already), etc.

Of course their sucking at the teet which is what you want so you can continue to control them.[/quote]

Nope, not too many strings.  I don't think requiring your kids to have a career/be contributing to society a string.  We don't care what they do, but they shouldn't be sitting at home playing video games all day and no job.  We also don't want them to spend it on extreme luxury items---at this point they are in their 20s.  So yes, if they decide to purchase a $100K+ vehicle, we might wind back how much we send.  
We want them to thrive in life and be fully functioning adults, and they are.  They largely use our contributions to Save, Save, Save and they have a great job that they are dedicated to and doing great.

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