Are your adult child’s finances your business?
One of the biggest sources of conflict between parents and adult children living at home — in fact, between just about any adults who share a household — is money. In a recent column for the Washington Post, Michelle Singletary explained when — and why — and adult child’s finances are, in fact, their parents’ business. The column was written in response to a letter from an adult child living at home that began like this:
“My parents and I are at an impasse,” she said. “After graduating college, I had minor credit card debt. I asked to move into my parents’ home after living on my own for a while to get rid of the debt, and to get other finances in order. I wanted to do a reset and start off right before it got out of hand.”
To see what Singletary had to say about this hot topic, you can read her column online here.
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