Reply to Millenials are ruining their parents retirement plans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have 2 millennial adult children. They both have good jobs - one makes over $100k and is only a couple years out of college. They are still on the family cell phone plan and yes we have a multi user Netflix account still but that’s not exactly breaking the bank. Together that’s less that $100/month. They can afford to pay their own rent, have employer health coverage and pay their own living expenses. They do take advantage of our beach house but it doesn't cost me anything and I enjoy it when they come for a weekend or a week. So not all millennials are mooches.

On a related point not all boomers are bad. I don’t get a pension, already pay for my own health insurance on the private market at an exorbitant rate, and have saved like crazy for retirement (as well as for my kids education, which we paid for in full). I also lived very frugally in my 20s and 30s in a way most millennials these days wouldn’t tolerate. Our first house was what people on this board would define as a shit shack. So we made different financial choices than many people today. [/quote]
Why do you write "they can afford to pay their own rent," instead of they are paying their own rent? That struck me as odd. Are you paying their rent or are the living with you?[/quote]

They are paying their own rent. They can afford it so I don't need to supplement it.[/quote]

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