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Parental Support

All articles tagged with #parental support

business7 months ago

Gen Z Faces Judgment and Financial Struggles Amid Rising Costs

Gen Z feels judged for their spending habits, blaming a lack of financial education in schools and high living costs, while many rely on parental support for expenses and lifestyle choices. Despite criticism, they aim to save and plan for future financial independence, with some expecting to become the wealthiest generation as they inherit wealth. The article highlights the need for better financial education to help them manage money more effectively.

via Fortune|
#business#cost-of-living#financial-education
real-estate1 year ago

"Young Homebuyers Lean on Parents for Support"

Increasingly, young home buyers are relying on financial help from their parents to afford homes in an overpriced and undersupplied market. The share of first-time buyers under 35 with older co-signers has more than doubled since 1994, and more young adults are receiving down payment assistance from family. This trend highlights growing economic disparities and the crucial role of family wealth in achieving homeownership, as high home prices and mortgage rates make it difficult for first-timers to enter the market without familial support.

via The Washington Post|
#generational-wealth#home-buying#housing-market
entertainment1 year ago

Alison Sweeney Opens Up About 'Quiet on Set' Allegations and Her Mother's Protection

Former child star Alison Sweeney reflects on the "Quiet on Set" documentary, expressing gratitude for her parents' protection from the dark side of child acting. She credits her parents for allowing her to pursue acting while prioritizing her education and well-being. Sweeney, now 47, is working on her own production and praises her parents for shielding her from industry pressures. She also discusses her upcoming project and her experience working with Jennifer Aniston.

via Yahoo Entertainment|
#acting-career#alison-sweeney#child-actors
finance1 year ago

"The Financial Dependence of US Millennials and Gen Z on Their Parents"

A new Pew report reveals that young Americans aged 18-34 are struggling to achieve complete financial independence, with nearly half receiving financial help from their parents, particularly to cover household expenses and housing costs. Despite being more likely to be employed full-time and better educated than previous generations, they face modest wage increases, significant student loan debts, and higher housing costs. This financial pressure is also impacting their ability to start families. Additionally, the report highlights that some parents, especially those with lower incomes, are also facing financial challenges as they support their adult children.

via BBC.com|
#finance#financial-independence#gen-z
education-personal-finance2 years ago

"Teen's College Funding Denied Despite Parents' $320K Income"

A wealthy teen's parents, making $320,000 a year, refuse to pay for her college education despite just buying a vacation home and being close to retirement. Financial guru Dave Ramsey criticized the parents' decision and advised the teen to confront them about their financial choices. The situation highlights the declining value of a college degree and the burden of student debt, prompting a debate on the responsibility of parents to support their children's education in today's challenging economic landscape.

via YourTango|
#college#dave-ramsey#education-personal-finance
psychology2 years ago

Parental Reliability Impacts Children's Risk-Taking and Growth, Study Reveals

A study conducted by researchers at the University of Wisconsin-Madison reveals that children who perceive their parents as reliable and predictable are more likely to take risks and engage in exploratory behavior. The study involved over 150 children aged 10 to 13 and used game-based scenarios to assess risk-taking tendencies. The findings highlight the significant impact of parental predictability on a child's willingness to explore, suggesting that stable and predictable environments play a crucial role in fostering children's learning and development.

via Neuroscience News|
#childhood-development#decision-making#exploration
entertainment2 years ago

Charlie Sheen's Evolving Support for Daughter's OnlyFans Journey

Charlie Sheen initially had concerns about his daughter, Sami Sheen, joining OnlyFans due to its reputation, but ultimately decided to support her along with her mother, Denise Richards. Sami's boyfriend and her parents have been supportive, and she has embraced being a "sex worker" despite facing criticism. Sami feels confident in her body and appreciates the support from her subscribers.

via The Messenger|
#body-confidence#charlie-sheen#entertainment
society2 years ago

"Mother Triumphs in Court Battle, Evicts Parasitic Sons in their 40s"

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.

via CNN|
#adult-children#court-ruling#family
society2 years ago

Italian Mother Successfully Evicts Adult Sons in Landmark Court Case

An Italian woman, aged 75, has won a court case to evict her two adult sons, aged 40 and 42, who refused to leave the family home. The sons, who had jobs but did not contribute to household expenses or chores, were ordered to move out by a judge who deemed it no longer justifiable for them to live with their mother. Italy has a high proportion of adults living with their parents, with almost 70% of people aged 18 to 34 still residing at home.

via The Guardian|
#court-case#family#italy
celebrity-news2 years ago

Tom Cruise Faces Financial Responsibility for Suri's Life Transformation

Tom Cruise may end up paying for his estranged daughter Suri's college tuition, as per the requirement in their divorce proceedings. Despite being estranged, Cruise is obligated to pay for Suri's expenses, including education. Suri is reportedly looking at prestigious fashion schools in NYC. The monthly child support payments will continue until Suri turns 18 next year, and it remains unclear how the tuition will be covered.

via SheKnows|
#celebrity-news#college-tuition#divorce-proceedings
health2 years ago

The Mental Health Impact of Unintended Fatherhood

A new study published in the Journal of Affective Disorders reveals that unintended pregnancies can have a significant impact on the mental health of new fathers. The research found that men who experienced unintended births were more than twice as likely to face mental health difficulties, including depression, anxiety, stress, and even PTSD, compared to those with planned pregnancies. The effects were observed not only in the immediate postpartum period but also up to a year after the birth. The study emphasizes the need for increased awareness and support for fathers dealing with the emotional challenges of unintended fatherhood, highlighting the importance of screening fathers and partners for adverse mental health outcomes.

via PsyPost|
#fatherhood#health#mental-health
personal-finance2 years ago

"Empowering Parents to Foster Financial Independence in Young Adults"

A recent survey by Experian reveals that more than half of young adults between the ages of 18 and 42 still rely on their parents for financial support, with two-thirds feeling ashamed about it. The study highlights the struggles young people face in achieving financial independence, including impulse spending. Experts suggest that parents can help their adult children become financially independent by gradually reducing financial support, teaching budgeting skills, and seeking outside help from financial planners or budgeting apps. Setting boundaries and giving adult children responsibilities can also foster independence and life skills.

via Yahoo Finance|
#budgeting#financial-independence#financial-planning
personal-finance2 years ago

Generational Shame: Gen Z and Millennials Depend on Parents for Financial Support

A survey commissioned by Experian reveals that two-thirds of Gen Z and millennial consumers feel ashamed of relying on their parents for financial assistance and desire more financial independence. The research highlights that 54% of millennials and Gen Z consumers consider themselves financially dependent on their parents, while 64% believe their parents are not good financial role models. Establishing a credit history is seen as crucial for achieving financial independence, with 80% actively working towards this goal. However, many are uncertain about the best way to build good credit, and poor spending habits contribute to financial instability.

via Investopedia|
#credit-history#financial-independence#gen-z