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» 75% of parents of adult children are helping them pay bills.
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post 1547641801 03-28-2018, 11:10 AM
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Well when the price of everything has gone up and wages haven't kept up its not hard to see why a lot of people are struggling.
post 1547641851 03-28-2018, 11:11 AM
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Originally Posted By Whichiscool
Well when the price of everything has gone up and wages haven't kept up its not hard to see why a lot of people are struggling.
This
post 1547641871 03-28-2018, 11:11 AM
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helping your kids with a down payment on a house seems legit to me. anything else is some bullchit
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post 1547641971 03-28-2018, 11:13 AM
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Originally Posted By DSTEE
Expecting kids to be financially independent by age 16? Thank god he didn't let you have any. 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 sure if srs, at 16 you have no bills, it would be easy to get a part time job and pay your own $80 car insurance and a couple hundred bucks a month for gas.
Originally Posted By Ratfish
helping your kids with a down payment on a house seems legit to me. anything else is some bullchit
wut. That's like the last thing that should be OK... buying them a car and paying their rent in college is much more acceptable than that IMO


people don't buy houses until well into their 20's if you can't save up for a down payment by then, that's sad.
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post 1547642121 03-28-2018, 11:15 AM
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Meh, need more data before I make an opinion. If it's adults leeching into their 30a I have a problem.

My parents paid my car payment when I moved away and got a decent job out of state because I still started out at the bottom. I paid them back every month, but there were times that I wouldn't have been able to pay it on time without them due to how the biweekly paychecks fell on the calendar. I would do the same for my kids as long as they were working and making the effort like I did
post 1547642411 03-28-2018, 11:17 AM
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Originally Posted By Jacobcapra
Not sure if srs, at 16 you have no bills, it would be easy to get a part time job and pay your own $80 car insurance and a couple hundred bucks a month for gas.





wut. That's like the last thing that should be OK... buying them a car and paying their rent in college is much more acceptable than that IMO


people don't buy houses until well into their 20's if you can't save up for a down payment by then, that's sad.
Dunno down payment on my first house is actually the only thing my parents helped me with. Buy your first home is way more expensive than just the down payment. There are so many things you don't even think about initially such as furniture, kitchen items, lawn mowers, etc, etc. Yeah sure the wedding is supposed to help you with some of those things but not even close to everything.

The only way you would even have a chance to save is if you continued to live with your parents until that time which of course is ideal and shouldn't be frowned upon.
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post 1547642471 03-28-2018, 11:17 AM
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post 1547642601 03-28-2018, 11:19 AM
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Originally Posted By keepitnatty
People used to be able to support a full family with just one parent working a minimum wage job vs now the standard to get an entry level job is a college degree might have something to do with it.
On the flip side of that though, this is an entire thread about how the parents are supporting 3+ adults.

So obviously the money is still out there to be made.
post 1547642621 03-28-2018, 11:19 AM
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Originally Posted By Jacobcapra
wut. That's like the last thing that should be OK... buying them a car and paying their rent in college is much more acceptable than that IMO
Car and tuition is way more than a down payment on a house...strong logic.

I never had parents help with bills however I am sure they would have. If it's a one time thing I can see helping my children but if it becomes a habit I will show them the door along with some training aides on saving/spending within your budget.
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post 1547642681 03-28-2018, 11:19 AM
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Originally Posted By JoshSP1985
Dunno down payment on my first house is actually the only thing my parents helped me with. Buy your first home is way more expensive than just the down payment. There are so many things you don't even think about initially such as furniture, kitchen items, lawn mowers, etc, etc. Yeah sure the wedding is supposed to help you with some of those things but not even close to everything.
In my experience (for which I have a lot in this topic) this perpetuates people my age living above their means. If you can't save a down-payment, you shouldn't get the house. Hell, with a first-time homebuyer's loan you can put down like 4-5% and get about as good of an interest rate as possible. If you can't do that it means your home is too expensive for your income, and you will be house poor.

Similarly, if you don't have furniture, kitchen items, etc etc then you shouldn't be trying to buy a house.
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post 1547642721 03-28-2018, 11:19 AM
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Originally Posted By bigcat3655
Meh, need more data before I make an opinion. If it's adults leeching into their 30a I have a problem.

My parents paid my car payment when I moved away and got a decent job out of state because I still started out at the bottom. I paid them back every month, but there were times that I wouldn't have been able to pay it on time without them due to how the biweekly paychecks fell on the calendar. I would do the same for my kids as long as they were working and making the effort like I did
It's not talking about occasional assistance or one-offs pretty sure it means consistent ongoing financial support.
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post 1547642781 03-28-2018, 11:20 AM
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post 1547642801 03-28-2018, 11:20 AM
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#43
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Originally Posted By ryanpdma
I'm 24 and my parents paid for my tuition. They are also willing to pay for grad school. I see nothing wrong with that, it's not like I waste money on drugs and escorts.

But yeah if you're a young adult and ask mommy & daddy to pay for a new iPhone, that's kinda gay.
?? How are you 24 and not already paying grad tuition? If your parents paid for an extra 2 years of tuition for you to fuk around and get an undergrad degree that is just as bad.
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post 1547642811 03-28-2018, 11:21 AM
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#44
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Originally Posted By meenman83
Car and tuition is way more than a down payment on a house...strong logic.

I never had parents help with bills however I am sure they would have. If it's a one time thing I can see helping my children but if it becomes a habit I will show them the door along with some training aides on saving/spending within your budget.
Maybe where you live... I bought all my cars and they were $200, $600, $1,000, and $27,000, in that order. The first three I bought while living with my mom but she could have afforded them and that would've been acceptable to me now, looking back. My tuition was 4K/year, and she paid it one semester for me. She helped with rent probably 15-20 times throughout college, at like $400-500/month each time.


On the other hand, I have friends that have parents putting down 20% on their first house for them... where I'm from that equates to like 30-35K, and where I am trying to buy a house that is 60K+



A down payment is a much bigger expense.
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post 1547642901 03-28-2018, 11:21 AM
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That feel when i am actually supporting my mom. Give her approximately 1000-1500 every month because she is on disability and she has been going through disability court for past 2.5 years. She has her final hearing tomorrow and hope she gets disability...it woild only be 700-800 per month but that would be atleast be some help and i wouldnt have to pay for her insurance and medicine as she would get medicade.


wish me luck brahs
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post 1547642911 03-28-2018, 11:21 AM
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Living with parents and they are paying for my education (work fulltime though). Will do the same for my kids one day.
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post 1547643031 03-28-2018, 11:23 AM
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Jobs that pay significantly higher then minimum wage are hard to find nowadays without the right type of degree gender studies do not count especially for the inexperienced workers.

If you're making 1100 a month with the rising cost of rent health & car insurances collage dept hydro phone bill food minimum wage losing 2x its purchasing power it's no surprise you would need assistance.

If people stopped opposing minimum wage increases stopped telling inexperienced teens to pick whatever degree they desire without warning of long-term consequences then you would find less youngsters living with parents or needing assistance.
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post 1547643281 03-28-2018, 11:25 AM
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Originally Posted By Jacobcapra
In my experience (for which I have a lot in this topic) this perpetuates people my age living above their means. If you can't save a down-payment, you shouldn't get the house. Hell, with a first-time homebuyer's loan you can put down like 4-5% and get about as good of an interest rate as possible. If you can't do that it means your home is too expensive for your income, and you will be house poor.

Similarly, if you don't have furniture, kitchen items, etc etc then you shouldn't be trying to buy a house.
So people should live with their parents acquire kitchen items/furniture then buy a house and move all those things?
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post 1547643361 03-28-2018, 11:26 AM
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Originally Posted By JoshSP1985
So people should live with their parents acquire kitchen items/furniture then buy a house and move all those things?
Who was apartment
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post 1547643371 03-28-2018, 11:26 AM
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Originally Posted By PeptideY
Jobs that pay significantly higher then minimum wage are hard to find nowadays without the right type of degree gender studies do not count especially for the inexperienced workers.

If you're making 1100 a month with the rising cost of rent health & car insurances collage dept hydro phone bill food minimum wage losing 2x its purchasing power it's no surprise you would need assistance.

If people stopped opposing minimum wage increases stopped telling inexperienced teens to pick whatever degree they desire without warning of long-term consequences then you would find less youngsters living with parents or needing assistance.
Eh you can walk into just about any warehouse and make $15 an hour work full time and get company provided benefits/insurance subsidies.
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post 1547643451 03-28-2018, 11:27 AM
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Don't see the issue if these people are in school and living at home...I know so many 19-24 year olds that live away from home for school/go out regularly/go on a spring break trip. When you do the math it would be impossible to live that lifestyle without help from their parents, setting themselves up for failure.
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post 1547643531 03-28-2018, 11:27 AM
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Originally Posted By Jacobcapra
Who was apartment
So you should rent while saving for a down payment?

My argument about the down payment assistance was this. It lets your kids jump ahead a couple years where they would normally be doing exactly what you said tossing money at a rental and trying to save.
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post 1547643761 03-28-2018, 11:29 AM
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Originally Posted By ashin1
Broke ass cuck detected
Bet I have more cash than you ugly manlet
Originally Posted By Jacobcapra
Not sure if srs, at 16 you have no bills, it would be easy to get a part time job and pay your own $80 car insurance and a couple hundred bucks a month for gas.
16 and easy to get a part time job? Yeah ok

I haven't had financial help since 18 besides occasional gifts but have seen so many people left behind during social occasions, vacations etc solely due to lack of money. Usually the parents are either cunnts or poor for not being able to shell out a few hundred every once in a while. IDGAF, but from my experience kids who get a financial helping hand are usually better off in school and social life

If you're tight on cash yourself thats ok, but don't pretend like you got your chit together and pretend you know everything about finances. If you had money and a kid you loved, why would you NOT help out
post 1547643781 03-28-2018, 11:29 AM
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Originally Posted By JoshSP1985
So you should rent while saving for a down payment?

My argument about the down payment assistance was this. It lets your kids jump ahead a couple years where they would normally be doing exactly what you said tossing money at a rental and trying to save.
It also teaches them financial responsibility, and gives them a place to put all the household essentials they would purchase, like furniture, in preparation for buying a house. Also, if they are old enough to buy and pay mortgage on a house, there is no excuse for them to be living at home.
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post 1547643831 03-28-2018, 11:30 AM
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If people had the money, they'd pay for it themselves

OP, the dollar has lost 98% of its buying power since 1913....
Housing is through the roof
Average American pays 50% in taxes
Everything is taxed, every single process of the economy

The economy is heavily suppressed. How can opportunity arise when opportunity is directly proportional to freedom? How can freedom arise when there are hundreds of thousands of regulations in the law books?
post 1547644171 03-28-2018, 11:33 AM
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Originally Posted By DSTEE
Bet I have more cash than you ugly manlet



16 and easy to get a part time job? Yeah ok

I haven't had financial help since 18 besides occasional gifts but have seen so many people left behind during social occasions, vacations etc solely due to lack of money. Usually the parents are either cunnts or poor for not being able to shell out a few hundred every once in a while. IDGAF, but from my experience kids who get a financial helping hand are usually better off in school and social life
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.
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post 1547644291 03-28-2018, 11:34 AM
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I live at home but pay most of my expenses and go to school. But when it comes to car insurance and phone and such I am still under my fathers accounts simply because it's cheaper then for me to get my own. But I can understand why its so common these days. Good jobs that will allow you the time to both work and go to school and actually pay enough to cover your expenses are hard to come by from my experience. The only people I know who have moved out right now are either finished with college and have a good job or have an apartment with 3-5 roommates whilst going to school.
post 1547644411 03-28-2018, 11:35 AM
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post 1547644651 03-28-2018, 11:38 AM
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Originally Posted By Jacobcapra
Go mow lawns in your neighborhood... I mean cmon.
Thank you for guilt tripping your neighbours into giving allowance to your kids and rob them for an otherwise enjoyable activity they could do themselves
post 1547644741 03-28-2018, 11:39 AM
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Originally Posted By Cesarbruh
If people had the money, they'd pay for it themselves

OP, the dollar has lost 98% of its buying power since 1913....
Housing is through the roof
Average American pays 50% in taxes
Everything is taxed, every single process of the economy

The economy is heavily suppressed. How can opportunity arise when opportunity is directly proportional to freedom? How can freedom arise when there are hundreds of thousands of regulations in the law books?
Everything about this is wrong....


The dollar hasn't lost 98% of it's buying power since 1913.... for example in 1913 an average loaf of bread was $.07. In today's dollars, that $0.07 equates to $1.79 for which you can still buy a loaf of bread. The buying power is comparable.

Housing is not through the roof, the housing market is comparable to 20 years ago right now.

Americans pay more like 25-30% in taxes
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