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.

Some clients need to be coached on how to set financial boundaries with their adult children.  Some parents see their financial support as love and believe if they withhold it they are being “bad parents.”  They may have experienced these feelings growing up when their parents didn’t give them money and want to spare their children from feeling emotionally abandoned like they did.  Or your clients may still be financially dependent on their parents and view supporting adult children as their duty.  Whatever the reason, it is often healthy for parents to set some financial limits on their adult children as it teaches them important skills that contribute to being financially self-sufficient.

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