I was discussing this subject with my boss, co-worker, and even some of the people I supervise at work about this.
I have come to the conclusion that many of us local people enjoy an artificially higher standard of living than we would otherwise on our own, because of financial help from our parent's/famiily.
The people I have discussed this with including myself (and one common thread is, none of us asked for financial help), but was freely offered this from our parent's/family are:
a) down payment on condo or home
b) partial or full payment of child's private school education
c) interest free loan to pay off credit card debt
d) help in buying a car
e) living in an affluent neighborhood( because we grew up there, and parent's have decided to build a smaller attached unit or even moved to a retirement community) to live while we kids and our families live in the original house
f) disbursement of family inheritance while parent's are still living to help out their kids now
g) etceteras...
I was curious to know how many of you out there were similarly helped by parent's/family? And also how many parents have helped out their grown children?
I have come to the conclusion that many of us local people enjoy an artificially higher standard of living than we would otherwise on our own, because of financial help from our parent's/famiily.
The people I have discussed this with including myself (and one common thread is, none of us asked for financial help), but was freely offered this from our parent's/family are:
a) down payment on condo or home
b) partial or full payment of child's private school education
c) interest free loan to pay off credit card debt
d) help in buying a car
e) living in an affluent neighborhood( because we grew up there, and parent's have decided to build a smaller attached unit or even moved to a retirement community) to live while we kids and our families live in the original house
f) disbursement of family inheritance while parent's are still living to help out their kids now
g) etceteras...
I was curious to know how many of you out there were similarly helped by parent's/family? And also how many parents have helped out their grown children?
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