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Reply to "Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home - RENT FREE"
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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. Parents helping with downpayments and daycare promotes independence and living on their own. 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] Both ways are independent adult kids. IN a HCOL area, it is truly financially smart to live at home and bank your income (parents likely pay for most everything including food still). If my kid wants to do that, we will gladly let them. We would also help with downpayment and daycare once that is needed. As long as they are working and fiscally responsible in all other ways, why not if you can help? [/quote]
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