
From Jezebel:
On the Today show this morning, Matt Lauer reported that sixty percent of baby boomer parents are offering some kind of financial support to their adult children. The piece hit home for me, since, after 10+ years of living alone, I'm considering temporarily moving in with my mom.
Whether you're young, just out of school and looking for work or older and suffering a financial setback, turning to your parents for help can be a complicated and emotional situation. Just because something makes perfect fiscal sense doesn't mean your heart, soul and ego are ready to accept it.
After years of living autonomously, to ask your parents for a loan - or return to living with them - can be feel like failure, with a dash of embarrassment and defeat. If you've seen the movie, you know that returning home is considered hitting rock bottom in 'Bridesmaids.'
Read more here.

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By: TK on 5/25/2011 2:20PM
The one thing I learned from watching plenty of court shows (Peoples Court, Mathis, Judy) is to GIVE not loan to my daughters. I see other parents being petty over $50 and giving speeches it teaches kids responsibility blah blah blah but I'm blessed. I don't have the energy to chase my daughters down about $50. I just gave my oldest daughter money to save her car and the bank called me at home to ensure she didn't steal the check (bank online so I write checks maybe once a year). hahaha My daughter said "Mom how much is in that account(s)?" If only she knew an "empty" nest has made mom VERY lucrative. No Bay Bays kids. hahaha
One day when I'm elderly I want my girls thinking "Mom looked out for us so now it's our turn!"
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By: Pretty Almond Eyes on 5/25/2011 3:32PM
I have two adults sons that I raised as a single parent with help from my extended family. As an adult child, I moved in temporarily with my parents after my abandonment and subsequent divorce from my husband. My extended family helped me to get through law school so that I would
be in a great position to provide for my sons. I always contributed to my parents household and tried to be a responsible and dutiful daughter. This is the behavior that I intentionally modeled in front of my children, As my children grew to adulthood, I trained them to work hard and apply themselves to their studies and to their vocation. Now as a middle aged parent, I am reaping the benefits of family loyalty and respect. My sons are educated and gainfully employed.
They are responsible citizens and generous to me and were also a blessing to their grandparents. I would suggest that parents train their children to give and to serve and see that they learn to be appreciate of the sacrifices made by the elders on their behalf.
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By: OOOZZZZZ on 5/25/2011 3:52PM
Quote from article: "After years of living autonomously" and "The piece hit home for me, since, after 10+ years of living alone, I'm considering temporarily moving in with my mom."
Stay on your own, handsle your business and keep your ass out of your mother amd father's house!
Do not punk out, stop making excuses and go back home to lean on your parents (who won't say no because they love you) simply because you can't seem to be totally responsible and accountible for yourself and handle your own financial situations when the debt that has occured is yours and yours alone and not your parents.
You could not wait to become old enough to leave your parent's house. You either went to college or got a job after high school. You accured all that debt, not your parents and it's your responsibility to, over time, systematically pay off all that debt.
!0 years. A decade. This is the real world and 10 years is a small drop in the bucket when it comes to living life on your own and if people would start paying attention to how and what they spend money on; how much money is being wasted on frevious unneccessary bullshit that you don't really don't need but really want, especially if you don't make a really good salary or good paying hourly job (or if you do) that will put you in that financial strain (more going out than coming in) in the first place (and consider all those bad habits thst you have that you don't realize that bleeds money...drinking, numerous credit cards, drugs, smoking, that car or house that you want but financially can't afford, excessive expensive partying, expensive clothes, jewerly and accessories, electronic devices, mall shopping every weekend etc) then what you're doing is by running back home is transferring those ills to your parents looking for safety, a way out and protection....Looking for an out for your personal irresponsibility; looing to your parents who will lovingly (or not) take you back in, open their hearts, go into their pockets (whether deep or shallow) to finance your debt riddled life that you can't seem to manage.
And while you are there laying up, you still want to be an adult ("don't y'all tell me what to do, when to go, where to go, how long to stay and when to come back") and do what you want to do despite what they say while they are housing you, washing your clothes, picking up after you and feeding your face...And it does not matter if you're helping to buy the food or the washing detergent...You're there when you shouldn't be.
Don't do thst to them regardless of how much or how little they have. Keep that pressure squarely on yourself and not on your parents because that's a part of life growing up going forward and once you start to lean on them, then you will continue to do so and become dependent on them when you find yourself in financial binds (or if you don't) in the both the near and distant future.
College debt, credit cards, can't find the job or career you desire and working some other job...It doesn't matter...You are according to you: A GROWN ASS MAN OR WOMAN...Then be grown, act grown and handle your own grown business because if you handle business correctly (from the start or later) at some point down the road, you will get out of debt and get it together...And you're parents will finally stop looking at you as that little boy or girl that they continue to raised while waiting to continue to bail you out and finally see you as a grown man or woman.
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