All articles tagged with #adult children
The article discusses how aging impacts individuals physically, mentally, and relationally, emphasizing the importance of understanding and supporting aging parents through patience, empathy, and communication, while acknowledging the challenges and resistance that can arise during these transitions.
A study by Savings.com reveals that nearly 50% of US parents financially support their adult children, who are facing higher living costs and struggling to benefit from the country's economic recovery. Parents are providing assistance for expenses such as groceries, rent, and health insurance, with Gen Z adults receiving the most support. However, this support could compromise parents' retirement savings, as they contribute more to their adult children than to their own retirement accounts. Rising food and housing costs, along with high student loan debt and lower wages for younger generations, contribute to the economic challenges faced by both parents and adult children.
A study on "grey divorce" after the age of 50 reveals that individuals who lose touch with adult children following the divorce experience worsened symptoms of depression. Finding a new partner briefly improves depressive symptoms, but the effect diminishes over time. The research emphasizes the significant role of parent-child disconnectedness in shaping the impact of grey divorce on mental health in older parents, shedding light on the links between family relationships in advanced age and mental well-being.
A Pew Research study shows that three-fifths of parents with adult children provided financial help in the past year, highlighting the ongoing financial support parents provide to their grown-up kids. With economic challenges facing young adults, including rising college costs and housing prices, parents are increasingly using their retirement savings to assist with expenses such as household bills, cell phone bills, rent, and education. While this support can be beneficial, financial planners caution that parents need to ensure their own financial needs are met and avoid jeopardizing their retirement savings.
A Pew Research study reveals that three-fifths of parents with adult children provided financial assistance in the past year, highlighting the ongoing financial support parents provide to their grown-up kids. With economic challenges facing young adults, including rising college costs and house prices, many parents are dipping into their retirement savings to help their children with expenses such as groceries, utilities, rent, and education. While this support can be a blessing in some cases, financial planners caution that parents need to ensure their own financial needs are met and avoid jeopardizing their retirement savings.
Many parents are still financially supporting their adult children well into their late 20s and early 30s, with a significant portion of young adults living with their parents and contributing financially to the household. The Pew Research Center's report highlights the impact of student loan debt and the various forms of financial assistance provided by parents, as well as the mixed impact on parents' own finances. Additionally, it reveals that a notable number of young adults are also financially supporting their parents, particularly those with lower incomes.
Actress Julia Roberts reveals that her 19-year-old twins, Hazel and Phinnaeus, still allow her to be their mom even as they become adults. Roberts shares that she parents her adult children the same way she did when they were younger, showing concern for their well-being and staying connected through texts and FaceTime. She also discusses the challenges of being away from home for work while her children are in college, emphasizing the deep love and bond they share as a family.
A 75-year-old retiree in Italy has won a court case to evict her two adult sons, aged 40 and 42, from her house. The woman complained that her sons, who have jobs, were living in her apartment without contributing financially or doing any housework. The sons argued that Italian law requires parents to take care of their children as long as necessary, but the judge ruled that the maintenance obligation no longer applies once the children reach a certain age. The sons have until December 18 to vacate the premises.
A 75-year-old woman in Italy has won a court case to evict her two adult sons, aged 40 and 42, from her house. The sons, described as "parasites" by their mother, had been living in the family apartment without contributing financially or helping with household chores. The judge ruled in favor of the mother, stating that there is no unconditional right for adult children to remain in their parents' home against their will. The sons have until December 18 to vacate the premises. This case highlights the issue of adult children's dependence on their parents in Italian culture.
A 75-year-old Italian woman has won a court case against her two adult sons, aged 40 and 42, who refused to move out of the family home despite their mother's repeated requests. The court ruled in favor of the mother, issuing an eviction order against her sons. This situation is not uncommon in Italy, where over 2 million people over the age of 30 still live with their parents. High unemployment rates among young people contribute to this trend.
A frustrated father seeks advice on how to handle his 40-year-old daughter who lacks responsibility, accountability, and honesty. Despite offering support and training opportunities, she shows no interest in finding a part-time job to contribute to her bills. Dear Abby advises the father to let her face the consequences of her actions once her leg has healed, as it may be the only way for her to learn. In another letter, a divorced woman in New Jersey seeks advice on making online dating more enjoyable as she navigates her busy life as a single mother. Dear Abby suggests seeking pointers from friends and relatives and maintaining a positive attitude despite potential disappointments.
A list of 21 instances where parents treated their adult children like kids, including demanding location tracking, setting strict schedules, and trying to control their personal choices. These actions can hinder the development of independence and boundaries in adult children.
Parents should establish clear expectations and boundaries with their adult children regarding financial support and gradually reduce it over time to encourage financial independence. Encouraging budgeting and savings habits can also help adult children become financially self-sufficient.
Many American parents with working-age children are sacrificing their emergency savings and debt repayments to aid their adult children, according to a Bankrate/YouGov survey. The survey found that 43% of respondents said such financial assistance had dented their own retirement savings. The findings hint at the toll taken by months of price increases, even on working-age Americans who’ve benefited from a historically hot job market. As interest rates rise, some expenses like auto loans are also increasing.
A new survey from Bankrate found that Gen Z adults (between the ages of 18 and 26) think parents should slow their roll on when to stop paying for them. Parents invest so much of themselves, emotionally and financially, in raising their children — but the time comes when a parent has to stop subsidizing their adult children’s everyday expenses. Nearly 7 in 10 parents with children 18 or older said they have made a financial sacrifice to help their grown-up kids, according to the survey. Low-income parents were most likely to say they have made financial sacrifices to help their adult children.