encourage THEM to make THEIR own way in life?
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I totally agree with you and rated YOUR answer the BEST.Most American parents are too obsessed with the notion of NOT HELPING their children once they become adults They contend that their children should be TOTALLY INDEPENDENT, even STRUGGLING!
I feel honored that you chose my answer, especially after reading ur profile (background in Sociology, etc.) Wouldn't it be great if ONE parent read ur ques.and re-thought his/her parental view of this topic and the child affected went on to soar :)
I am confused by the question. I take it to mean that you either pay your children's way in adulthood OR encourage them to make it alone. The example of your cousin is a great example of a generous loan. I agree w/ help when needed as a gift or loan.
I wish someone would define "wealthy." If we are talking over 10 million- then yes, I would be willing to help more. It would depend on the individual- some kids are lazy freeloaders and others are motivated entrepreneurs. Earning teaches value.
By wealth, I mean in the 7 figures and above. More aptly put, a millionaire, multimillionaire, even billionaire. I do not mean the upper middle class who are socioeconomically struggling themselves.
Thank you for the clarification. :)
Totally agree with your response.
I was going to say something similar until I read your answer, no need to repeat. :)
Some important things are acceptable to offer financial help for. Definitely not everything.
While I partially agree with you, if you were WEALTHY, you would help your child financially until he/she find his/her own way.Wealthy people do not make their children struggle financially, poor parents do that as they have no other recourse.
So true, most caring parents would do what you have succinctly stated.