My Y daughter is doing well, maybe it will be shitty for her to buy a house or condo but she can. My Z one, yeah, I'm helping her, paying stuff here and there like groceries, microwave, etc, she's in her own flat and all and is not too bad but still, rent is 40% of her earning. It's ok to help your kids.
I absolutely agree! It’s not a competition, we are all living in the same world with the same problems.
Families are at the centre of any society. Families function best when they help each other out. Parents are meant to sacrifice to help their children, just as their adult children should sacrifice later in life to help them.
Having been put in a situation where I had to physically care for my grandma while she lost her faculties and slowly died, I don't think children (or any other descendants) sacrificing later in life to help parents is a good thing. If I could show you what a day of that was like, I think you might agree, but I wish it on no one.
it is okay to help but at the same time it sucks you have to do that because life is so economically insecure now that adult children cannot survive without that help.
In my own situation, my partner has a 25-year-old son who has autism and cannot be financially independent. We finance his $2,200 apartment (which is standard cost in our expensive city) because on his own he'll never be able to do that . This will directly impact our own finances for the foreseeable future.
In the literal sense, yes, but not in the context of marketing cohorts, which are usually based on birth date ranges and are used to group members of society who experience similar pressures and exhibit similar behaviors. Gen Y/Millennial and Gen Z are marketing terms, so it’s possible for a parent to have a child in each.
Thank you for the thoughtful reply. I was trying to be funny but it totally missed the mark and fell flat. Oh well 🤷♂️ I do think it would be nice if we didn’t find ourselves referring to our social constructs in terms of marketing cohorts.
There's also us zillenials born between 1990 - 1996. The defining feature is that we're old enough that we were alive during 9/11 but were too young to understand the way it changed society at the time. Our formative years also occurred during both pre and post internet being everywhere.