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Welcome to the world of helicopter parents. http://en.wikipedia.org/wiki/Helicopter_parents http://en.wikipedia.org/wiki/Helicopter_parents http://www.usatoda

• sbraford 19y ago
  Exactly. Man I wish I had rich parents, even helping out $10k a year or so could go a long way when you're fresh out of school and expenses are still low. An ex of mine got something like $25k cash for her college graduation present. Assuming she earned 10% or so on that for the next 40 years, she was already guaranteed to be a millionaire by retirement. Anything she did on her own was gravy.
  • Psyonic 19y ago
    While getting a $25000 college graduation present would be fantastic (although I bet she just bought a car), your projection is a bit optimistic. While yes, she would have a million dollars, that million dollars would only be worth $295712 after accounting for inflation (at a constant 3% yearly.) Still great, but she's not exactly ready for retirement.