The report said 59 per cent of retirees report helping their non-student adult children with both day-to-day expenses and big-ticket items like home purchases.
My father makes more retired than I do working full time.
That is straight up depressing
Op should have tried harder to be born earlier in time.
Pull your time machine up by your bootstraps you lazy millennials. /s
Heh. After Dad died, my Mom shacked up with a guy we met while Dad was in the hospital. He went to the same high school as me, the same year I did. He’s lazy, broke, bipolar and unmedicated by choice - and a rabid far-right conspiracy theorist… So technically, she’s supporting an adult child.
I’m doing just fine, thanks. :D
It says this includes things like helping with grandkids schooling.
My parents started a university savings account for my kids the day they were born because they wanted to, I hardly consider it “supporting” me and my wife in any way. The kids won’t need it for a decade still, and we could cover their costs without it just fine.
Helpful, sure, but the headline is misleading at best if it’s including that in the 60%.
I cannot fathom why you wouldn’t consider that support. It is by definition. I think the problem is you consider support a negative for some reason. You’re supposed to support your family there’s nothing wrong with it.
The first paragraph of the article states:
The majority of Canadian retirees are supporting their adult children financially, which they say is having a negative impact on their own finances, a new report has found.
My parents have no negative impact on their finances, they can still afford to travel internationally 2-3 times a year for multiple weeks at a time, and yet they would be included in that percentage.
This makes the headline very misleading, since it implies that 60% of retirees are experiencing a negative impact upon their finances.
Instead, I’d like to see the percentage of retirees who think they are experiencing a negative impact upon their finances. That number would be more useful in determining what to do about the situation.
I don’t see what that has to do with anything in either of our comments.
I’m also still not seeing why you immediately assume negative connotations.
I immediately assume negative connotations because the first sentence states “Negative Impact”
I don’t know what part of that logic is confusing to you.
Socialism exists
Gen X: Perhaps I treated you too harshly
That’s somebody saying that to Gen X right?
I’m saying that Gen X is realizing it wasn’t as evil as they were taught
Boomers are too far gone
Millennials already are commies
I don’t think Gen X ever let anyone convince them they’re evil 🤷♂️
And they are minimally obligated to do so considering they’ve hoarded such a gigantic portion of the economy
It is funny because in something like 30 years, it will be children that will provide financially to their 80-90yo parents
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Exactly the same happens in several countries . It’s a global crisis
