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Adult Children
Reply to "How much financial help are you really giving your adult children?"
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[quote=Anonymous]We encouraged our kid to live at home after college graduation, both to save/invest money and also so that he wouldn’t feel compelled to take any old job in a not-great market. He has 3.5 years left on our health insurance — seems like this is the time to be positioning himself for the career he actively wants. He’s working deliberately part time at a good-enough career-oriented job he doesn’t hope to do forever, while getting lots of freelance and contract gigs in the field he hopes to break into. We are not charging rent; he is investing. We pay for meals, he for gas, gym, travel, work clothes, entertainment, and all those other extras. Maybe to some judgy neighbor it looks like failure to launch. I don’t care. It’s actually quite pragmatic. By contrast I had no financial cushion when I was his age, and could never have lived at home. As a result I took and stayed in jobs in areas for which I had no real interest, while making no investments in the areas for which I had the most aptitude and passion. My “real” career was delayed by decades — which is a different kind of failure to launch. [/quote]
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