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[quote=Anonymous]Many wealthy people set up their adult children with seed money to start their own businesses too. I have no problem with this either.

My only issue is when the grown children are layabouts who live off their parents without working. I've seen this with my extended family and it's a very unhealthy dynamic. One cousin (Gen 2) never got a job and his dad (Gen 1) paid for everything - homes, bills, cars, lavish vacations and gifts. Then his kids (Gen 3) went to college but never got real jobs. Parents also bought them homes, cars, pay their bills, etc. None of them has any ambition or contributes in any meaningful way. Only one of them has a job, but not even earning six figures and her husband only had a hobby job that costs more than it makes. It's sad because there are all these control games around the money, and at this rate it will be gone within another generation. These grown kids are completely under their surviving parent's thumb because they can't earn their own living and two of them have spouses who also aren't gainfully employed either. I'm worried about their kids (Gen 4) who also grew up in the lap of luxury but never learned from their parents how to support themselves or budget. They've only seen 2 generations of helplessness, shiftlessness, begging, and manipulation. It's sad, because despite the incredible opportunity of inheriting tens of millions of dollars, a couple generations down the line and these kids will be worse off than kids from lower or middle class families who at least know how to get a job and support themselves.

It's better when the parents help their grown kids by giving them a head start to earn their own money too. The grown children would feel better about themselves. Giving money is fine, but there needs to be an expectation that this is a head start to begin your own productive life and not enabling a charity case.[/quote]

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