The New York Times just ran an article titled ‘The Bank of Mom and Dad‘* about parents giving financial aid to their children well beyond college. Examples range from paying for extended schooling to paying for doggie daycare. Coincidentally, Make Love, Not Debt also posted about how her parents are not paying for their wedding. A very lively discussion ensued, with responses varying from speechless to, um, not-so-speechless. I’ll just say that it brings up my feelings about entitlement.
To be sure, I have made my own withdrawals from the Bank of M&D. Beyond the usual food and shelter up until 18, my parents helped me pay for out-of-state college. In fact, they gave me a choice:
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