Comments about ‘Loving kids to debt: Older Americans in trouble for 'helping' children’

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Published: Saturday, April 20 2013 8:35 a.m. MDT

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Rynn
Las Vegas, NV

Jeanie - That is spot on about some parents wanting to keep an adult child dependent so they don't have to face a bad marriage. I have that within my family. I have an adult sibling who lives with my parents and they enable him to the point that it's crippling. They do everything for him and expect nothing in return (he has a rather large sense of entitlement as well).
My parents have a bad marriage and I guess this is a great way for them to keep that problem on the back burner.

Elizabeth G - Years ago I had a friend who didn't qualify for financial aid because her step-father made to much money. Meanwhile, he wouldn't help her with college since she wasn't his biological daughter.

KG
South Jordan, UT

I think another facet of the problem is that college degrees once ensured employment, but no more. Some degrees are useless, but still cost an exorbitant amount to obtain. Too many students go to college and take classes, but don't plan a career.

Gildas
LOGAN, UT

Yup! and if the Republicrats get their way and continue to erode the value of Social Security payments, what will that type of youngster do? Their long suffering parents will have less to give financially and less credit to borrow their "gifts". The entitled offspring might have to leave their parents' home, face their own credit standing, buy their own health care. How will they manage?

I was raised with the idea that, just as our parents sacrificed for us when we were young and vulnerable, we would reasonably and gratefully provide for them when they were old and worn out.

raybies
Layton, UT

Children need to experience poverty. They need to care for their own debts. It's a phase they need to go through as important as puberty. Too often they spring from the nest, attempting to get into a mortgage even before finishing college or just out of it. But that isn't always the best solution. Children need to work their way up to the dream home... not start life with it.

alert
Payson, Utah

This is a good article on a serious problem. The comments are also very good. It appeared to me they read the article first before commenting. My rule of thumb is if I am hurting more than the one I am helping, something is wrong. Or to put it another way, if they can afford things I can't afford, then why am I helping them. The tuition for the school of hard knocks is pretty high and I have paid it too often. But it seems to be the only way I learn sometimes. By degrees I learned to profit from the experiences of others. I couldn't afford to or live long enough to make all the mistakes myself. Children need the opportunity to find this out too. Tough love is often harder on the parents than on the children. We helped our children at times when they were doing all they could and we could afford it. We have been totally debt free for over 15 years now. We could have done that decades earlier if I had been willing to listen to my wife more.

Queencastle
Los Angeles City, CA

Coping with debt in old age is not a nice prospect. Yet there are ways out. Here's how to deal with debt for senior citizens. Article resource: get much more information in each of our blog!

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