The report said 59 per cent of retirees report helping their non-student adult children with both day-to-day expenses and big-ticket items like home purchases.
You must log in or register to comment.
My father makes more retired than I do working full time.
Heh. After Dad died, my Mom shacked up with a guy we met while Dad was in the hospital. He went to the same high school as me, the same year I did. He’s lazy, broke, bipolar and unmedicated by choice - and a rabid far-right conspiracy theorist… So technically, she’s supporting an adult child.
I’m doing just fine, thanks. :D
It says this includes things like helping with grandkids schooling.
My parents started a university savings account for my kids the day they were born because they wanted to, I hardly consider it “supporting” me and my wife in any way. The kids won’t need it for a decade still, and we could cover their costs without it just fine.
Helpful, sure, but the headline is misleading at best if it’s including that in the 60%.
Socialism exists
Gen X: Perhaps I treated you too harshly
It is funny because in something like 30 years, it will be children that will provide financially to their 80-90yo parents
My wife and I are providing for my MIL (aka she is living with us and not working) and she has barely cracked 60.
She does provide some childcare for us, but man is she lazy as shit while doing so… Just throws on TV and screws around on her phone. Somehow my wife can’t even work full time despite the fact that her mother is home almost all the time, that’s how bad it is.
Exactly the same happens in several countries . It’s a global crisis
