Let me start with this:
A new study by USA Today found that “65% of parents give their adult children (ages 22-40) some kind of financial support.”
Another notable finding from the USA Today study was that one-in-three parents who give money to their adult children indicate that it “puts them under financial strain.” Just how much financial strain? The study explained that parents assisting their children (above age 22) spend $718 on average each month doing so.
What in the fuck is going on? These are allegedly boomer parents giving their kids money. Well, aren’t their kids Gen X?
Bitch, I’m Gen X, and ain’t nobody gave me a fucking thing. At all. Ever. They’ve got to be talking Millennials. And I believe that a whole lot more than they’re supporting the same kids they would never take for stitches when our chin bone was literally visible.
Now that I think about it, I don’t know too many people who have boomer parents who did much for them at all. I know a lot of people who have boomer parents who have burned through their retirement funds and are now relying on their kids. I know a bunch of other people who have boomer parents who blatantly say that their retirement plan is living with their kids.
Poor bastards. The audacity of these overbearing, under saving, never watching their grandkids type of assholes.
Thank Baby Jesus I don’t have those problems. My kid sister is a nurse, and if anyone is changing Depends, it’s her. I vomit at the sight of a bedpan, actually. There is a zero percent chance anyone would trust me with long term care of a relative. They know I would just drop them off to Shady Pines and be done with the issue. I can’t be responsible for another human. I’m barely fucking responsible for me.
Anyway, I’m having a hard time believing these statistics are accurate. If you ask my relatives what they’ve done for someone, I guarantee you’re getting an overinflated figure. People always give so much, yet receive so little in return, that’s the way the good majority of people operate.
I assure you, my momma owes me a fuckton of money I’m never going to see, because she somehow justifies it as payment for raising me. You know, like a parent.
Until I was 15. Because I’m much better at raising me, and the proof is I’m currently alive. Probably may not have been the case, otherwise.
I digress.
Are y’all really out here ballin on your parents’ pensions? I’m unfamiliar with shit like this, so this is a serious question. These boomers are claiming an average of seven hundo and some change to their kids every month and if this is really occurring, I’m officially up for adoption. Starting now.
Please start the monthly assistance immediately.
-Q
Someone please sponsor me. Daddy needs a Bugatti.
I’m, ahem, a boomer. 72. I’ve shared a house with my daughter and son in love for...19 years. I like to think it’s benefited them as much as it has me. None of us could have afforded to live in the homes we lived in without each other. They’ve had the benefit of having another adult in the home to help with daily living needs, transportation, homework, and yes, babysitting. A safety net, so to speak. I’ve had the benefit of spending time with people I love, and knowing that I also have a safety net if I need it. I don’t have a strong financial position since retirement at 67, but I still pay my share of expenses. I can only comment on our situation, but I’m not subsidizing my kid, and she’s not subsidizing me. I know our situation is not typical, but I’m thankful for it every day. No Bugattis for anyone though, darn it.