riptides
Super Member
...We are not retirees, we are a family loan service.
I am living this too.
...We are not retirees, we are a family loan service.
True John. I just did not expect the needs of audit children and grand-kids that I would need to assist with. Love them a great deal, so we help as we can and just keep hanging around until they are on their feet. They work hard and are moving forward.
A new study from Pew Research finds that 36 percent of Millennials young adults ages 18 to 31 are living at their parents homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year.
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The number rose from 32 percent at the beginning of the Great Recession in 2007 and 34 percent in 2009.
Declining employment led more young adults to stay with their parents. Sixty-three percent of Millennials had jobs in 2012, down from 70 percent in 2007.
As long as the kids know it is a loan, and they make a real effort to pay it back, I don't think it hurts them. But to just give them money when they are not watching their spending sends the wrong signal. Life in the real world is tough. If you don't watch your money, someone else will end up with it.
Do retire and enjoy every day.
I remember my thoughts in the back of the ambulance heading to the heart hospital with severe chest pains: Well at least I had 5 good years of retirement......
PS: Now I've added 2.5 more after surviving!
Do retire and enjoy every day.
I remember my thoughts in the back of the ambulance heading to the heart hospital with severe chest pains: Well at least I had 5 good years of retirement......
PS: Now I've added 2.5 more after surviving!