Tough Love is Called for When Paying the Bills of Your Adult Children

As a consumer bankruptcy attorney I frequently find myself advising clients who need bankruptcy relief because they have taken on the burden of not only their own debt but also debt incurred for their adult children. Of all the folks I try to help, this is oftentimes the most heartbreaking client. I know the client has found themselves in financial turmoil because of love for t ...Read the full article

  • Paying bills for adult children? Try tough love instead - 6 readers - Yes, it’s a tough job market for 20-somethings. But providing your adult children with financial assistance today will do them more harm than good in the long run, writes RetireMentor Dennis Miller.

  • Parents should expect to pay their kids’ bills for 30 years - 6 readers - Parents are taking out almost £2m in loans each year to fund their children’s spending habits, the latest research has found, with parents supporting their children until the age of 29.  Turning 18 may have once symbolised the beginning of adulthood, but the journey to financial independence is lengthier and more costly than parents may have eve...