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Parental obligationsusually last until the child turns 18, the age of maturity in most places.
Any form of providing beyond that duration would be out of the goodness of their heart.
Unfortunately, some kids seem to blur those lines andfeel entitledto receive support.
When the house went up for sale, she began acting out and resorting to harsh name-calling.
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Recent statistics bySavings.comreveal that nearly half of parents in the US continue to provide monetary compensation.
These numbers dont include grown-up children with disabilities.
According to the May report, parents spent around $1,364 monthly on their adult children.
A growing number of people also seem to feel theyve sacrificed their financial security to help their adult children.
In 2023, 37% of parents felt this way, which jumped to 58% this year.
In an interview with thePew Research Center, people blamed several factors for these ongoing trends.
However, some parents feelthey are to blame.
A 60-year-old woman feels they are too enabling toward their kids, which creates a sense of entitlement.
However, experts emphasize the importance of striking a balance and setting boundaries.
For financial planner and physicianDr.
it’s crucial that you create boundaries and figure out a balance, Dr. McClanahan toldCNBC.
For Virginia-based financial advisorIsabel Barrow, striking a fair deal with their kids could also work.
If they have income, they have a job, they can save.
That needs to be their commitment to you, Barrow stated.
Also, the couple already had money for renovations, which likely meant things were beginning to look up.
No amount of money or financial favor is worthdamaging a relationshipfor.
What do you think, readers?
Was there anyone who was more at fault in this scenario?
