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re: Weekly Millennials are worthless thread - 46% still get allowance from Mom and Dad

Posted on 7/30/19 at 11:23 am to
Posted by celltech1981
Member since Jul 2014
8139 posts
Posted on 7/30/19 at 11:23 am to
boomer parents don't have the sack to cut them off.
Posted by auzach91
Marietta, GA
Member since Jan 2009
41236 posts
Posted on 7/30/19 at 11:24 am to
Im still on the family plan, but thats it cheaper for them to keep me on than go to a plan that isnt the family.
Posted by 21JumpStreet
Member since Jul 2012
14857 posts
Posted on 7/30/19 at 11:24 am to
Baby boomers are suckas huh. Pay for cell phone and rent while millenials eat avocado toast for breakfast every morning.
This post was edited on 7/30/19 at 11:27 am
Posted by TH03
Mogadishu
Member since Dec 2008
171955 posts
Posted on 7/30/19 at 11:26 am to
I know someone who went overseas with his parents on a trip. Everything paid for including first class air both ways. I go on a trip or 2 with the in laws each year and we pay our own way on everything. We just meet them there.

Similar experiences with a few people I know.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 7/30/19 at 11:26 am to
quote:

The real question is why can't the Boomer parents cut the apron strings ?


Just maybe we want better for our kids.

But, mine were cut off after school.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297396 posts
Posted on 7/30/19 at 11:27 am to
quote:

And the other 54% are paying for a good portion of everything else in this country.


LINK

quote:

As Americans age, more and more of the tax burden will be borne by older taxpayers. In 1997, 61 percent of all income taxes were paid by taxpayers over age 45. Today, that burden has jumped to 74 percent. The biggest increase has been in the tax share paid by taxpayers between 55 and 65.
Posted by danilo
Member since Nov 2008
24851 posts
Posted on 7/30/19 at 11:29 am to
Pretty proud I am a millennial making 6 figures and haven’t taken a dime from Mom and Dad since college (which I am very thankful for, scholarships didn’t cover everything)

....but of course that is only because I am a white male.
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 7/30/19 at 11:32 am to
My parents paid for my college
And I’ll pay for my kids too
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297396 posts
Posted on 7/30/19 at 11:34 am to
quote:

My parents paid for my college
And I’ll pay for my kids too


That's quite different than keeping them n a tether until they're in their 30s
Posted by TH03
Mogadishu
Member since Dec 2008
171955 posts
Posted on 7/30/19 at 11:34 am to
quote:

And the other 54% are paying for a good portion of everything else in this country.


25% is a good portion. He didn't say the most.
Posted by SirSaintly
Uptown, New Orleans
Member since Feb 2013
3187 posts
Posted on 7/30/19 at 11:35 am to
My parents give me approx $30k cash every year as a "gift". Does this count? I'm Gen X btw
Posted by CaptSpaulding
Member since Feb 2012
6963 posts
Posted on 7/30/19 at 11:37 am to
quote:

millennials are typically defined as people born between the years of 1981 and 1996


This is way too wide a net to cast, especially for a stat like this. Big difference in a 23 year old getting some financial help, and a 38 year old.
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 7/30/19 at 11:40 am to
quote:

That's quite different than keeping them n a tether until they're in their 30s

Yea I know
Just thought I’d get hate for my parents paying for my 4 years

Posted by Wayne Campbell
Aurora, IL
Member since Oct 2011
7159 posts
Posted on 7/30/19 at 11:41 am to
quote:

I know someone who went overseas with his parents on a trip. Everything paid for including first class air both ways. I go on a trip or 2 with the in laws each year and we pay our own way on everything.


If your in-laws offered to pay for everything, would you turn it down?

Assuming they can afford it, of course. No sense in accepting cash and gifts from the parents if it means you'll be financially responsible for them later.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
65229 posts
Posted on 7/30/19 at 11:41 am to
I need hit up Mom
Posted by BayouBengals18
Fort Worth
Member since Jan 2009
9843 posts
Posted on 7/30/19 at 11:43 am to
quote:

This is way too wide a net to cast


Yup. I was born in 86, and have little to nothing in common with people born after 90.
Posted by TH03
Mogadishu
Member since Dec 2008
171955 posts
Posted on 7/30/19 at 11:44 am to
My in laws are loaded.

But they would never offer that.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
50963 posts
Posted on 7/30/19 at 11:44 am to
On my wife's side, one niece has a business and marketing degree from TCU she received in 2017. Still lives at home and doesn't have a real job, although she teaches skiing instructions in the winter at Deer Valley, UT. My BIL and SIL just purchased her a new Jeep Renegade.

Their son is two years older. He's on the ten-year degree track, having moved from college to college, working part time at a resort as a waiter, but still living at home. They purchased him a customized, decked out Ranger pickup last fall.

On my side, a nephew, 26 years old, just got his first, real job and is moving to Dallas from Shreveport. His mom and dad are paying for his apartment, his utilities, his insurance, and his car note, "until he figures out how to fend for himself".

Their daughter, now 24, still living at home, just finally starts nursing school this fall. So they will likely have her at home at least another 2-3 years.

I don't get it. Myself and everyone I knew were all anxious to get out on our own, find our own place, and make our own way. Jeez, I hope Gen Z as a whole is better than this. Millenials suck at life as do the first few years of the Gen Z crop.

Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
36486 posts
Posted on 7/30/19 at 11:44 am to
quote:

I know someone who went overseas with his parents on a trip. Everything paid for including first class air both ways.
I don't necessarily see anything wrong with this. That is different from a monthly allowance or something. It's basically a "gift" from their parents, not something that is needed to sustain their lifestyle. My wife is going on a trip soon with her mom and her two sisters, and her mom is paying for the whole thing. I would say part of it has to do with one of them probably not being able to afford it, and it would be weird to pay for one and not all, but also she wants to give the gift of a trip to her kids.

We also took her parents on a trip recently and paid their way, so it's not like we're moochers
Posted by el Gaucho
He/They
Member since Dec 2010
58518 posts
Posted on 7/30/19 at 11:45 am to
You boomers in your 30s and 40s should be forced to pay us more after the way y’all ruined the economy
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