Reply to How many parents still financially support their middle age adult children?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yep, my friend readily admits in-laws purchased their home, pay for kids private school tuition, take them on annual vacations abroad, pay for kids summer camps, plan to pay for kids college, give them weekly $ for dinners out, and even let them use their Netllix/Apple TV passwords, etc. My friend is a SAHM and husband is a fed. There is no way they could afford their lifestyle on their income alone. I think there are a lot of families in the DMV like this.[/quote]

I would feel "owned" if my parents did this. No thanks. [/quote]

Not all parents give gifts with "strings attached". We are wealthy, my kids will get gifts as we think they need.  As long as they get educated, work hard (no "I'm only going to work 15 hours/week and let you pay for everything") we will assist with extras.  Thankfully they grew up not realizing we had money (and we didn't until last decade), and even then we are frugal with alot of stuff (think we both drive 10+ year old cars because they still work just fine, we don't fly business all the time, only when price is not too much more, etc. )--basically they were still raised with a value of money and don't just get everything they want.  Thankfully they want to function without much help from us---so we gift the extras.  They don't want to just get handouts from us, they work hard but know we are always there to help if needed.  It also means they are a bit frugal (one more so than the other).  [/quote]

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