Reply to Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Honestly, it seems like a reasonable and responsible set-up.  Taking what she says at face value, they contribute to the household and are saving.   I assume she lives in the DC area - rents are ridiculously high.

I find this set up a whole lot less off-putting than parents helping their adult MC kids with a down payment or daycare expenses. [/quote]

I guess I feel the complete opposite. [b]Parents helping with downpayments and daycare promotes independence and living on their own.[/b] It also lets their kids have the grandchildren quicker. Most people have no trouble paying the day to day expenses of kids but those daycare years are impossible. I pay 4k a month in daycare for my kids. [/quote]

What?! Are you assuming that kids who live with their parents won't be able to or not look for a partner? Most of those kids will def. leave and set up shop on their own obviously. Also, if you were smart and had willing parents, it would make sense for you to live closer to your parents or in-laws, cut down the child care to part time and have them watch the kid a few days a week. A good way to build wealth is for families to start thinking of money as 'our money' inter-generationally vs. my money/your money. [/quote]

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