We had multiple readers yesterday say they wanted to discuss whether parents were financially supporting their adult children. Obviously this topic is particularly relevant in today’s economy with high unemployment rates and the job market bleak for college students when they graduate.
So, are you financially supporting your adult child? Are you sending supplementary cash for fun things? Are you buying them groceries, paying their rents, letting them live at home? How old is too old to be getting parental support? At what point do you tell them they need to look for a cheaper place to live or a roommate? Is it different when they have families as well? Are you more likely to aid your adult child when they are trying to care for your grandchildren too?
(I will work in my suggested topics over the next two weeks.)