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There are many parents who allow their kids to live rent free. First job can then DCA the near entire salary and what you save early on compounds like crazy for

There are many parents who allow their kids to live rent free. First job can then DCA the near entire salary and what you save early on compounds like crazy for life. Parents telling kids in this world to "go work 24/7 on the treadmill without being able to save" should wonder if having kids wasn't something selfish they did like having a pet. I was always welcome at my mother's home and she told me there would always be shelter and food for me, whenever I'd come. The selfish people who kick their kids out of their home at 18 y/o are people best let out of my life. If a kid is working, I see no reason why parents shouldn't let them

johnnyanmac 1y ago
>Parents telling kids in this world to "go work 24/7 on the treadmill without being able to save" should wonder if having kids wasn't something selfish they did like having a pet. Like I said, it's cultural. Some parents literally need extra income just to keep the roof over their heads, and having an adult dependent at home is still an expense. . Some parents simply don't want to facilitate a full on NEET lifestyle and want to encourage a proper work ethic. I agree that a kid won't just figure everything out the moment they turn 18, but I can empathize with a child also needed to leave their nest one day. Uniersity was the perfect environment for that transition, but we decided to cut funding for decades and move the costs to the 18YO's with no financial sense. A "party school" just doesn't make sense anymmore so if we don't treat it as a vocational school, you may as well have saved money and let them be a NEET for 4 years.
- bruce511 1y ago
  I've no objection to my kids living at home, and there'll always be a place for them here. I charge them rent though - 33% of their gross pay. Not cause I need the money but because it allows them to afford to move out one day. In other words their lifestyle has "rent" built into it. In other words I'm happy to offer a backstop. I'm less happy for them to simply ignore "becoming self sufficient adults" just because it's cheaper to live at home.
  - HPsquared 1y ago
    How about the "rent" going into a savings pot which they can use for a downpayment or otherwise reclaim (maybe partially) when they move out?

johnnyanmac 1y ago

>Parents telling kids in this world to "go work 24/7 on the treadmill without being able to save" should wonder if having kids wasn't something selfish they did like having a pet. Like I said, it's cultural. Some parents literally need extra income just to keep the roof over their heads, and having an adult dependent at home is still an expense. . Some parents simply don't want to facilitate a full on NEET lifestyle and want to encourage a proper work ethic. I agree that a kid won't just figure everything out the moment they turn 18, but I can empathize with a child also needed to leave their nest one day. Uniersity was the perfect environment for that transition, but we decided to cut funding for decades and move the costs to the 18YO's with no financial sense. A "party school" just doesn't make sense anymmore so if we don't treat it as a vocational school, you may as well have saved money and let them be a NEET for 4 years.

bruce511 1y ago
I've no objection to my kids living at home, and there'll always be a place for them here. I charge them rent though - 33% of their gross pay. Not cause I need the money but because it allows them to afford to move out one day. In other words their lifestyle has "rent" built into it. In other words I'm happy to offer a backstop. I'm less happy for them to simply ignore "becoming self sufficient adults" just because it's cheaper to live at home.
- HPsquared 1y ago
  How about the "rent" going into a savings pot which they can use for a downpayment or otherwise reclaim (maybe partially) when they move out?