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Reply to "How common is it for young adults to receive life changing amounts of money from family?"
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[quote=Anonymous]My parents annually gift me the max allowed without tax implications ($30k this year) and have been doing that for at least 15 years. They also paid for my college. The college money was more life changing than the annual gifts. For instance, being debt free influenced job choices. The annual money I kind of try to assume won’t happen and then, when it does, I actually don’t do anything with it. So it’s all been invested. My husband and I each make over $100k and our family of four lives off our salaries. Some day the money will be life changing again (help pay for children’s college, or enable us to retire sooner or something) but in terms of annual decisions (where to live, what to buy etc) I feel strongly that we make choices we can afford with our salaries. [/quote]
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