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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Too bad the discussion can't be tagged with HNW and see what those under $1m say[/quote]

If you only have a NW of $1M and your kids are 22+, then you don't give them anything towards a house.  You let them live at home until they are ready to buy.  But you don't have enough to give them much if anything towards that.  You need to save/plan for your own retirement
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FYI, it's estimated that only 18% of all US households have a NW of $1MM+.[/quote]

If you include homes, I think it is higher than that.  But if not, then nope, those parents should not be gifting $100K to their kids for a home, unless it's a home where the parents will also be living as they age (and be taken care of by those kids).  [/quote]

Nope.  That includes home equity with an average of $300k.

Something like 60% of households can't even afford an emergency $1,000 expense.  https://www.cbsnews.com/news/saving-money-emergency-expenses-2025/[/quote]

I'm aware of that.  And my point still stands, that if you cannot afford your own future/retirement, you should NOT be giving your kids money for a downpayment.  The best way you can help them is to NOT be a burden to the during your retirement.  The most you can do is offer to let them live at home (if space and it would work) for no rent or minimal rent, so they can save for a better future.  In 2-3 years they could have $30-40K+ saved.  That's the smart path---it wont cost you much more  to have them home, and they can save rather than paying rent/utilities/internet/etc they can have for only $100 or so per month at your home.

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