I love the idea of getting children focused on their financial health early. I noticed in a recent Pittsburgh Post-Gazette article that many adult children are still relying on their parents for financial support. In the example given in the paper, the parents of a young woman making six figures were still covering her auto insurance. The same article mentioned that some parents delay their own retirement or other financial goals in their lives to meet the needs of their parasites--I mean children.
Later today, a friend mentioned a situation where a mother was sending her 28 year old son money--even though she suspected the money also supported his girlfriend. She's not sure this is the best relationship for her son, but she doesn't want to stop the monetary support.
Yikes! We all want to support our kids and ensure that they have the tools and resources they need to succeed happily, but that is different from giving them such a wonderful crutch that it keeps them from standing on their own feet.
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