Parents are Paying for WHAT?! - Main Topic #21
Can 'help' actually harm? Where do you draw the line when supporting your grown children? Today's episode of the HopeFilled Financial Podcast reviews an article from The Hill citing statistics about how many millennials receive financial support from their parents. You may be surprised by Jay's reaction!
Jay reviews and article from The Hill called "Parents Pay at Least One Monthly Bill for 40 Percent of Millennials" (see link below). These surprising statistics should awaken millennials and parents of millennials alike to employ better boundaries with money. Dependency is the core problem at the heart of this article. Dependency in adult family relationships can become very unhealthy. How can you become more independent financially? How can you encourage adult children to become financially healthy. What do YOU think of these statistics? Is this topic a problem of major concern?
Article Reviewed: https://thehill.com/business/3840020-parents-pay-at-least-one-monthly-bill-for-40-percent-of-millennials/
Watch the full episode here: https://youtu.be/g8cdkrdGTOA
Main Topics Playlist: https://www.youtube.com/playlist?list=PLo6Zlf1BSGrZM50_NAabg7tOhASym2xxD
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Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.
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Music: "Take Me Higher" by Jahzzar
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