Reply to Do you have an age cut off on supporting adult kids?

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[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]

Nope.

My parents stopped cold turkey around 18 and it was so, so hard. They could have helped some and reneged on paying for college (I picked the school they wanted b/c of costs). While others my age were buying houses and investing, I was paying back loans and scraping by w/o health insurance and living paycheck to paycheck. Costs are even worse now.

As long as my kid is a functioning and hard-working adult, I'll help whenever I can. But my child is grateful and kind about it.[/quote]

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