Reply to How much money do you give your new college grad a month to get started?

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[quote=Anonymous][quote=Anonymous]How many of the “zero support/generational wealth” people here also finance the kids first house down payment and the grandkids private schools?[/quote]

Once your YOUNG ADULT (not kid) demonstrates fiscal responsibility and has the ability to generate their own wealth, the game changes again. I'm a "zero" support parent who will help my grandkids, but not until my kids have demonstrated responsibility.  The studies show if your adult children are in their mid-late 30s extra money won't significantly change their lifestyle, because by then it's been established.  Coincidentally this is also when the grandkids will start school.  So, yes, I'll help get them to a good neighborhood and help support private school.  These things are aligned with my core values.  I would also help with tutoring, medical care, or therapy if my grandkids needed it.  Providing some lifestyle crutch for a grown adult starting their life is not high on my list of priorities.  Their trust funds kick in at 37 for a reason.[/quote]

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