Reply to Who here is regularly supporting their adult children financially?

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[quote=Anonymous]HHI $270K. DS2 is in college. We pay tuition, room and board. He has a campus job that pays for his incidentals and also works during summers. Unfortunately, he will have to move off- campus next year, and is going to need a car, so we're planning to buy a used one for him.

My DS1, now 26, was almost completely self- supporting after graduating. We kept him on our health insurance, but other than that he was on his own. He shared an apartment. No car. We did pay for him to come on a few vacations with us.

Last fall, he entered a PhD program. He's fully funded, but it's pretty much subsistence living, so we agreed to help him with rent. He lives with 2 other students in a 3-BR apartment. We also gave him my 14-y.o. car after I bought a new one. He's aged off our health insurance, so gets it thru school. I expect we'll be helping with rent until he graduates. ¯\_(ツ)_/¯

I don't have any worries about DS1's ability to take care of himself, he was doing so with problem before. If we cut him off now, he would be okay.[/quote]

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