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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][quote=Anonymous]I know people (30 plus) whose parents are paying for their down payment, co signing mortgages, paying for their grandkids braces, daycare, vacations, ivf, co signing on cars etc. a lot of these people would never admit to how much parental help they are getting despite having “good” jobs. [/quote] Because it's really nobody's business. We help our kids. Our approach is "Die with zero" and we firmly believe that slowly gifting them the $$ now, in their 20s will be much more beneficial than them receiving a windfall in their 50s+ (they will get that as well). As long as they in meaningful to them careers and working hard, we will continue to do so. It's really nobody else's business. Our kids recognize their privilege and don't brag about it. One is 26, and knows that their chain of command must know their parents are rich, because they go on at least one very nice vacation yearly with us. But beyond that nobody knows or needs to know. They know most people have student loans and have to do it themselves. [/quote]
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