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by lacampbell
3415 days ago
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Because I think it's shameful not to be financially self-sufficient. it's an important part of adulthood. To me regular financial help from your parents is something a child or teenager receives - it's an allowance. I'd like to think that if the generation before me had some money knocking about, that I'd have the same attitude. Let them spend their hard earned money on a cruise or a holiday, rather than supporting their grown children who are already well into adulthood themselves. |
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This is a part of the reason that many wealthy families stay wealthy. Whether it's a down payment, help with rent, or the understanding that they'll be a backstop if everything falls apart, it lets the next generation take risks that would be completely imprudent otherwise.
I think a lot of parents of millennials understand how much harder life is for young people today too. With school debt, salaries that have stagnated since the 1990s, and housing prices that won't stop increasing, it's a completely different world than the one they grew up in.
> Let them spend their hard earned money on a cruise or a holiday, rather than supporting their grown children who are already well into adulthood themselves.
To many parents, there is literally no more meaningful way to spend their money than to confer comfort to their children, no matter how old they are.