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Forum » 75% of parents of adult children are helping them pay bills.
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Thread: 75% of parents of adult children are helping them pay bills.

post 1547657831 03-28-2018, 02:01 PM
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#121
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Originally Posted By Jacobcapra⏩
Damn, dude. that's depressing. I thought it was bad that my 27 year old brother hasn't been able to support himself in any way yet. Owes my mom like 30K.... but that **** is next level.
My dad has a running bill for my brother. Its well over $60k now, and my dad holds the titles to both his and his wifes cars because of it. Told him if it ever happened again he would sell the cars for money to give him, but he never does. Old dad has gone too soft and cares too much about the grand kids.

My wife said it best. People of this generation are children and never learned to grow up. Now they simply refuse to grow up because its hard, and living like youre on welfare from daddy is easier. My siblings are 40 year old teenagers with no spending control.
post 1547657931 03-28-2018, 02:01 PM
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#122
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Disclaimer: As a millennial I'm a bit biased.

I think people can manage their finances better but the job market and standard of living is just not the same as it was 30+ years ago. There are all these extra things that people "should" buy these days that werent expected back then and this is not even the ridiculous price of housing or tuition that people are expected to get.
Also the population is just a lot more, baby boomer generation exploaded, and then they had kids so yeah prices are gunna go up because of that and less "attractive" jobs as a result. The baby boomer generation got really lucky with housing and inflation. they have a lot more money than they should...

so why shouldnt they help their kids? also this "pride" thing of not having your family help you is dumb imo. you're family. you're supposed to help each other. as long as youre trying your best to make a living for yourself (and not subjecting yourself to torture. i dont see anyone needing to resort to stripping (humility) or a job they hate) before they ask their family for help.
also material culture is dumb. if your parents have money they shouldnt be so superficial. help your kids out with food bills, rent, things they need. or to help them chase their dream: schooling, tools, etc.

all that being said i think there are a lot of things people can do to manage their finances better and not require their families help. this is for most people. in todays society i cant see it working for everyone.
post 1547658001 03-28-2018, 02:02 PM
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#123
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Originally Posted By EnderG60⏩
My dad has a running bill for my brother. Its well over $60k now, and my dad holds the titles to both his and his wifes cars because of it. Told him if it ever happened again he would sell the cars for money to give him, but he never does. Old dad has gone too soft and cares too much about the grand kids.

My wife said it best. People of this generation are children and never learned to grow up. Now they simply refuse to grow up because its hard, and living like youre on welfare from daddy is easier. My siblings are 40 year old teenagers with no spending control.
Can't count the number of times my mom has said "this is it, I'm done paying for him after this" as we go get his truck out of impound for the millionth time, or pay his court fees.
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post 1547658021 03-28-2018, 02:02 PM
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#124
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Originally Posted By gatovolador⏩
Housing by and large is not a productive asset. Investment money should be producing something, not speculating on real estate.
morganfreeman.jpg
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post 1547658831 03-28-2018, 02:11 PM
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#125
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Having college paid for by parents is such an odd concept to me, mainly because mine didn't pay anything for me when I became 18. Don't get me wrong, it was a struggle and a pain getting through and paying for myself, but it also taught me how to actually be accountable for what I buy. Now I make good money and I'm cheap as hell because of it still lol.
"Strength doesn't come from what you can do. It comes from overcoming the things you once thought you couldn't."
post 1547658861 03-28-2018, 02:11 PM
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#126
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Originally Posted By Ratfish⏩
you speak of it as though it's a positive phenomenon for the average person

given wage stagnation, how does one compensate?
Don't bother with this retard logic.

brb "bread cost relatively the same therefore its all the same."

I bet that 1913 bread was way fkin better too.
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post 1547659141 03-28-2018, 02:14 PM
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#127
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Originally Posted By Joseph1990⏩
Don't bother with this idiot.

brb "bread cost relatively the same therefore its all the same."

I bet that 1913 bread was way fkin better too.
Yeah, I'm the idiot. We'd be so much better off if gold was still $20/oz., bread was $.07, and everyone got paid $1/day.

Oh wait, everything would be exactly the same except now it would only take 40K to be rich
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post 1547660031 03-28-2018, 02:23 PM
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I am 35 years old, I am divorced, and i live in a van down by the river. My mom is still paying for my tinder dates, lucky for her I haven't gotten a tinder date in over 2 years.
post 1547660091 03-28-2018, 02:24 PM
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#129
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This is why all my kids will start working at the age 9. We don't have coal mines anymore which is why they'll be installing solar panels 8 hours a day every summer... and all other seasons.

Gotto teach them kids early on to pull themselves up by the bootstraps. In fact I might just give them a single bootstrap and let them to fight to death over who gets the honor of trying to pull themselves up.

Jk, no kids crew wins again.
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post 1547660251 03-28-2018, 02:25 PM
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#130
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Originally Posted By Jacobcapra⏩
Literally have no clue what you're talking about... pisses me off.
even if the numbers are off, this doesn't change the fact that taxes and government in general is at the root of destroying financial independence. You get more pissed off by my post than you do when paying taxes?
Originally Posted By Jacobcapra⏩
Yeah but the implication is that people owning the US dollar getting poorer, and it's not true. Wealth is about the assets not the number of dollars the asset represents, especially with a fiat currency.


The fact is that if the US dollar was still backed by gold and bread still costs you $.07 you wouldn't be making what you make now; typical wages would be like $0.50 an hour.

Society would be the same, you would be just as rich as you are now but the number of dollars that constituted being rich would be different.
society would be the same if we had a currency pegged to gold? LMAO! Yea, just ignore the massive inflation we've had over the years, none of that would be possible with a gold-standard meaning your buying power would appreciate over time . Not to mention all the demand for dollar around the world that would be chasing after the dollar as all the other currencies are worthless fiat backed by imagination.

Wealth is determined by production. The more production, the wealthier the country as more production=more supply=cheaper prices=higher buying power

It's kinda hard to produce more when your savings take on average a 2%hit on inflation every year.
post 1547660341 03-28-2018, 02:26 PM
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#131
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Originally Posted By DSTEE⏩
Expecting kids to be financially independent by age 16? You're out of touch with reality and those expectations are a pretty good recipe for making your daughter whore herself out/son to be a criminal
Not really. My six year old daughter is given the option to spend, save, or gift her money. She earns it now by getting the best color for behavior at school. She’s always getting bow tie behavior pictures with the principle. She always chooses to save her money for something down the road because once she runs out of her money, she doesn’t get anything extra. She’s saved over 100 dollars. Instilling financial knowledge on someone when they’re small goes a long way with how they treat money when they get it when they’re older.

Affluent parents nowadays don’t want their kid to have to struggle like they did when they were younger so they give them everything. This weakens them. They forgot that that struggle instilled in them the need for a better life. Instill that need in your children and see just how well they do financially.
Originally Posted By Cesarbruh⏩
even if the numbers are off, this doesn't change the fact that taxes and government in general is at the root of destroying financial independence. You get more pissed off by my post than you do when paying taxes?
We will make close to 200k this year and only pay 15k in taxes and you’re saying this and the government are what’s keeping people down? People are willfully ignorant. There are many, many ways shown on the internet for us to save and hide our money in tax sheltered areas( more so for our business oriented folks). Most people refuse to have the discipline to save and invest.
post 1547660601 03-28-2018, 02:28 PM
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#132
  1. Jacobcapra
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Originally Posted By Cesarbruh⏩
even if the numbers are off, this doesn't change the fact that taxes and government in general is at the root of destroying financial independence. You get more pissed off by my post than you do when paying taxes?
No, I hate paying taxes more than I'm pissed off by your wildly inaccurate posts. Speaking of, effective tax rate has only gone up like 5% the last 70 years, taxation is not why financial independence is declining *******, try again.


btw this graph is only through 2013, the tax rate will drop in 2018 to something comparable to 1948's tax rate.




You just making this stuff up as you go on? srs wondering where you got all this from
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post 1547661331 03-28-2018, 02:36 PM
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#133
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Originally Posted By Jacobcapra⏩
Yeah, I'm the idiot. We'd be so much better off if gold was still $20/oz., bread was $.07, and everyone got paid $1/day.

Oh wait, everything would be exactly the same except now it would only take 40K to be rich
Never said anything about gold or being better off if everything was how it was. I recant calling you an idiot because you made what is in my opinion a dumb comparison.
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post 1547661501 03-28-2018, 02:37 PM
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#134
  1. Jacobcapra
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Originally Posted By Joseph1990⏩
Never said anything about gold or being better off if everything was how it was. I recant calling you an idiot because you made what is in my opinion a dumb comparison.
The dumb comparison is comparing buying power of a gold-back currency from 105 years ago to the fiat current US dollar, to only claim that the dollar has lost 98% buying power with that analogy.
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post 1547661651 03-28-2018, 02:38 PM
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#135
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How are you paying 15k tax only on 200k income?
post 1547661871 03-28-2018, 02:41 PM
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#136
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i'm 52 and haven't even talked to mine since i was 18

these are the same fkn guys putting poosy on a pedestal ,no doubt

world is full of pathetic losers
post 1547662451 03-28-2018, 02:46 PM
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#137
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All these excuses here. Being an adult who's leaving home doesn't mean you need to own a house and a car straight away. You can move into a shared house, rent a flat, use public transport and what not.

It's disrespectful to cheapskate on your parents' funds. Loving parents care about their daughters/sons. Just because they don't let them turn into cucks doesn't mean they don't care about you. If these "adults" moved out of their parents way and became adults it's very likely their parents will have more money and they may save it for their children and then pass whatever they own to their children in the future.
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post 1547662641 03-28-2018, 02:49 PM
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#138
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Originally Posted By jakedel⏩
How are you paying 15k tax only on 200k income?
It’s more like 190k.
37k(401k)
5k( FSA)
3k(pretax health contribution)
24k(standard deduction)
3.5k( qualified child care cost outside FSA)
Child care credit
=118.5k in taxable income which is right around 17k for taxes under the new tax reform law.
post 1547663021 03-28-2018, 02:52 PM
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#139
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I hate the people who are like "you need to get into the property market, I bought my first house when I was 20" yet they don't disclose just how much mummy and daddy helped them.
'Lol nah bro, it's just a couple of pigs, but the way they were put together makes you think they are thighs and a cock'
post 1547663961 03-28-2018, 03:00 PM
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#140
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Originally Posted By Jacobcapra⏩
You just making this stuff up as you go on? srs wondering where you got all this from
taxes don't hurt financial independence, really? and again, this doesn't include hidden taxes like licensing and other government costs passed down to the consumer
post 1547664231 03-28-2018, 03:04 PM
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#141
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Whats wrong with that? technically my parents money is also my money
post 1547665081 03-28-2018, 03:13 PM
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#142
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Originally Posted By GiveMeTheD⏩
Houses have increased 300 percent in 20 years, wages have increased 40 percent.
Not everywhere, depends on where you live.
Originally Posted By DSTEE⏩
Expecting kids to be financially independent by age 16? You're out of touch with reality and those expectations are a pretty good recipe for making your daughter whore herself out/son to be a criminal
You're kidding right? Most fast food restaurants target to recruit high school students. Not only that, internships, community organizations usually put out ads to recruit high school / college students to help set their career foundation. It's their tax write-off.
Originally Posted By DSTEE⏩
If you had money and a kid you loved, why would you NOT help out
Easy, because it sets an entitlement mentality that is absolutely DETRIMENTAL to their child's financial future.
Originally Posted By Jacobcapra⏩
It's not hard to get a fooking job at 16, not sure if srs. Go apply at every fast food restaurant in your town. Go mow lawns in your neighborhood... I mean cmon.
He probably believes that's beneath a 16-year-old's standards. That they should be doing 10k a day jobs or nothing. lol. HE is far from reality.
Originally Posted By SpeedMan1⏩
Whats wrong with that? technically my parents money is also my money
No, it's not. They worked hard for that money. They know what it takes to make a dollar. It's NOT yours you lazy fewl.

Having a good financial understanding will either make or break a person in today's world. The world doesn't function on "free." And showing love =/= giving money to your kids.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

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post 1547666271 03-28-2018, 03:27 PM
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#143
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Originally Posted By MuzzieChik786⏩
No, it's not. They worked hard for that money. They know what it takes to make a dollar. It's NOT yours you lazy fewl.

Having a good financial understanding will either make or break a person in today's world. The world doesn't function on "free." And showing love =/= giving money to your kids.
Nope you're wrong lady. They gave birth to me I inherit what's theirs. Who says I can't have it now? nobody
post 1547666461 03-28-2018, 03:28 PM
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#144
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Originally Posted By Tdriin⏩
That's a lot of cucks who can't manage their own life. I feel for their parents. Must be embarrassing to have same genetics as these wimps.
jimmies rustled.
post 1547666481 03-28-2018, 03:28 PM
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Originally Posted By Willie_Bosket⏩
I hate the people who are like "you need to get into the property market, I bought my first house when I was 20" yet they don't disclose just how much mummy and daddy helped them.
Lmao this. Brb “own my own business and just closed a deal in my first home that I flipped for a profit!”

Stfu ******* I know for a fact that you got a small loan of 50 large from your parents to make it happen, which you haven’t even paid back yet (and you’re already bragging). Better be handing those bragging rights to Mom and Dad for having the capital and generosity to give you a hand out.
post 1547666711 03-28-2018, 03:31 PM
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#146
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Originally Posted By SpeedMan1⏩
Nope you're wrong lady. They gave birth to me I inherit what's theirs. Who says I can't have it now? nobody
They could easily will your inheritance to charities. You’re a fool to bank on any money coming from anyone but yourself.
post 1547666991 03-28-2018, 03:35 PM
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Originally Posted By IH8RICE⏩
They could easily will your inheritance to charities. You’re a fool to bank on any money coming from anyone but yourself.
They love me so they wouldn't do anything silly like that. But at the end of the day I'm a man and I stand on my own two.
post 1547667171 03-28-2018, 03:37 PM
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#148
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Originally Posted By IH8RICE⏩
They could easily will your inheritance to charities. You’re a fool to bank on any money coming from anyone but yourself.
Like in Gran Torino.

I hope it happens to him - maybe he'll get off his pedestal.

FWIW - I won't be leaving anything to my kids other than my material items. All property will go to charitable causes - specifically creating/maintaining houses of worship. I MIGHT pay off any loans/debt the kids might have, but that's all dependent on if they're good/respectful people who actually care about me.

If they're snotty brats like my brothers who didn't do jack for my parents - they ain't getting a nickel.
Originally Posted By SpeedMan1⏩
But at the end of the day I'm a man and I stand on my own two.
Then why debate? O_o
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

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post 1547667321 03-28-2018, 03:39 PM
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#149
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Prob mostly miscers lol
post 1547667621 03-28-2018, 03:42 PM
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#150
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That's cute and fine with me as long as they don't try to turn the state into their daddy too.
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