when should parents stop giving money

People also ask


  • Should you stop giving money to your grown children?

  • While every parent wants to help his or her children, continuing to give money to grown children on a regular basis can cripple your own financial situation as you near retirement.

  • What age should you stop paying for child support?

  • Kids and parents often have different ideas about when support should stop. In the Money poll, parents helping adult children generally believed kids should be independent by age 25, but acknowledged that in their own situation, 30 was more likely. Young adults put those ages at 27 and 32, respectively.

  • What’s the right age to stop financial aid?

  • Create a concrete plan to end aid. Kids and parents often have different ideas about when support should stop. In the Money poll, parents helping adult children generally believed kids should be independent by age 25, but acknowledged that in their own situation, 30 was more likely. Young adults put those ages at 27 and 32, respectively.

  • Are you financially responsible for your children at 18?

  • The old adage used to be that you were financially responsible for your children at age 18, after which time they became legal adults and financially responsible for themselves. Years ago, many teens couldn鈥檛 wait for their independence so they could move out and strike out on their own.

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