The Globe and Mail featured a write-up today about parents financially supporting their adult children:
Increasingly, members of Canada’s baby boom generation are facing these ongoing family expenses. An Investors Group survey of Canadian boomers released Tuesday revealed that six-in-ten boomer parents are providing financial support to their adult children, to the tune of approximately $3,675 per year.
Enough already! The expectations of young married couples (and singletons) have soared far beyond unrealistic, and yes, I am talking about my own generation - the generation of no accountability and few consequences. Not so long ago it was generally accepted that once married, a couple had to learn to stand on their own two feet. Not only was this accepted, it was thought to be a good thing. Learning to budget, pay your own bills, take care of your family, living within your means were all part of being married and accepting adult responsibility. I do not think there was a generation before mine where people thought they could get married and immediately afford a house, two cars, vacations, plasma TVs and three course dinners 7 nights a week. Sadly, instead of snuffing out these bloated expectations many parents are enabling their spoiled children by slipping them cash whenever the puppy eyes come out. Some parents don't even need the puppy eyes before their money nosedives into the hands of their kids. Why is this?? Why are parents afraid to say no? Have parents fallen for the idea that their kids have a right to have everything? Maybe parents remember how hard they work for what they have, and want to 'treat' their kids. But have they forgotten that it was hard work and discipline which enabled them to become who they are now? When mom and dad run out of money you can be sure these kids will turn to the government for additional handouts.
The other part of this I cannot understand is married men allowing their parents (or their inlaws) to fill their piggy banks. Is this part of girly man syndrome?? Honestly. I would rather eat Kraft Dinner five nights a week than know that my father (or father in law) was slipping my husband money so we could eat prime rib. Where is the self respect that comes from standing on your own two feet?
Of course there are always exceptional circumstances where one may need to borrow or accept money from their parents, but these are few and far between. Once you are finished school, and/or married, you need to take the apron strings and burn them. Burn. Them.