Dads dating contract
Meanwhile, the National Endowment for Financial Education found that more than a quarter of helping parents say they have taken on additional debt as a result (see the graphic on page 70).
A MONEY survey earlier this year found that 30% of parents helping to support grown children spend at least ,000 a year on their kids.
But Darlene recently retired as a substitute schoolteacher, and Steve, 68, a program manager for a national security technology company in Las Vegas, wants to join her.
Only he can’t—not while the couple is still supporting their daughter, Abby, 25, a yoga instructor who lives more than 1,200 miles away.
Given the tough economy for young adults, you may think you'll be paying for your kids forever.
These strategies will help you launch them on the path to independence without risking your own financial security.
To assist Abby with rent, utilities, and other living expenses, the Goldsteins have forgone home improvements, and Steve just pushed his retirement date out two more years.