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 would never do this. It starts by talking to them when they're young. 
Figure it out yourself because Dad and I are traveling the world with the money we have now that we're not supporting children at home. And don't have any kids yourself if you can't afford it. [/quote]

This is what my parents did.  I guess they are wealthy - they have two homes, travel a lot and ski 50+ days a year.  It never occurred to me to begrudge them for enjoying their retirement, nor did I ever feel entitled to gifts from them.  I'm just glad we don't have to send them any money like we do my in-laws.  The outflow to parents stinks.  I have no intention of supporting my children after they are 22/done with college; however, if we were filthy rich, I could see sending them $17k per year because it makes sense from an estate planning perspective.  However, it is not something I spend any time thinking about or aspiring to do. [/quote]

You have to send your in laws money? [/quote]

Yes, we send them quite a bit and feel it. [/quote]

Do they economize in any way? My parents worked hard their entire lives and had four children, including one with a developmental disability who lived at home until their early 50s. One can't squeeze a lawyer's salary out of a mechanic's paycheck. They were never extravagant and this may have made it easier for DH, though I don't know. He liked them and was a great SiL. We didn't have to spend a lot and it came during a time when our expenses were manageable (no longer in childcare, etc).

Good luck![/quote]

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