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Reply to "Do you have an age cut off on supporting adult kids?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have two in college, and it's obviously the most they have ever cost us. Tuition/ dorm we pay for with 529, but there is car insurance, healthcare, huge amounts of food they consume when at home which is a large part of the year given college schedule. They do work but so far are only using their money for their own "fun spending" and saving. At what point do you stop supporting kids financially? Did you stop cold turkey after college? Or did you phase things out so they progressively became independent? I read that 64% of parents support their Gen Z kid but that is not such a helpful stat given the age range of gen Z including college kids.[/quote] My oldest graduated in 2025 with a good job. He still lives at home rent free and we invite him to dinner where we cook and he’s around. He’s still on our cell phone plan and uses all of our on demand TV apps. He pays his own car insurance and is now on his corporate health insurance (which didn’t save us any money) he lives at home because we live in arlington and this is where he wants to be, and also to be close to work. He’s using the opportunity to save and invest his money. I’m glad he’s saving so much money and actively investing along with maxing out his roth and traditional 401k. He’s a joy to have around so he’s welcome to the arrangement as long as he needs. many of his graduate friends in this area also moved back home since this is such a great place to be for jobs. They all have great jobs as well. [/quote] This is what I hope my son does for at least a few years. [/quote]
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