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