Writing Checks Never Stops
We all expect to some to degree to write a check for our twentysomething children who just starting out. But what about adult children who ask for financial help so they can afford a nicer house or apartment, or a winter vacation, or that expensive summer camp for the grandchild? Sometimes a parent may want to help out; other times not.
When does gifting morph in money grubbing, and vice versa?
A New York Times article “The 40-something Dependent Child” considers these questions and notes:
“…never have so many members of the nation’s younger generations been so dependent on their parents and grandparents. Should parents set limits, or is this transfer of wealth a social and economic necessity in the long jobless recession? How has this growing dependence changed the country?”
Getting into Grad School, with Mom’s Help
Helping a child with the daunting college admissions process is considered mandatory by most parents. Indeed on many college campus tours, it’s the parents at the front of the pack, asking questions about everything from course loads to meal plans.
But what about grad school? Apparently helicopter parents hover over the advanced degree landing pad. In “Letting Your Grad Student Go,” the New York Times reports
“They routinely swarm business school tours in the fall and admittance weekends in the spring. Some even show up at law school recruitment fairs, minus the child.”
The reasons go beyond ingrained habit. Parents are often footing part or all of the cost of graduate school. Sometimes the adult child is not exactly thrilled about the prospect of more school so parents are, what else, taking control the admissions process.