Helping Your Clients Set Financial Limits with Their Adult Kids

The goal of any parent is to raise a healthy, happy child and launch this young person into the world as a productive adult.  This process takes a minimum of 18 years and sometimes up to 30!  In previous generations, children graduated from high school, went to college, and four years later landed a “real job.”  The onus was on the young graduate to find a job, fund an apartment, and pay for the amenities of life.  However, over the last decade, more adult children are returning to live with their parents after graduation and effectively delaying the transition into adulthood.

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Comments (2)
Hi,Kathleen very true it is very difficult to tell client to set limits on spending or helping their kids or young adults.Most of the times as advisers it has to be handled delicately and firmly in favour of our clients.Hope your article is eye opener for many.
Posted by tasha123 s | Thursday, September 05 2013 at 6:33AM ET
It is true that most of the teens/youngsters are more inclined to stay with their parents to save few pennies going out from their pocket, but at the same time parents suffers due to excess requirement of money, because of spending habits of their kids. It is always good to keep a check on these habits to make the kids/young adults realize that it's a hard earned money & should't be wasted in that fashion but at the same time not to let lose the politeness, else the situation may go worse. But handling one's finances is important for a better future.
Posted by KIMMY B | Friday, October 18 2013 at 4:42AM ET
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