Greedy Kids: Are they entitled to their parents’ money?
Reader Shawn pointed out this Q&A titled “My rich parents won’t share” for me from CNN Money.
A reader asks the following:
I recently learned my parents have a lot more money than I thought. Had I known, I would have asked them for help in buying a home several years ago, back when houses around here were affordable.
Don’t parents have some kind of obligation to be honest with their grown children about their financial situation? My wife and I may never be able to afford a house now.
You’ll have to click through to find out their answer, but adults are fully entitled to their own money, and kids should learn how to earn their own. Granted, if the child actually asked, and the parents lied about their savings, then I understand if they feel hurt and angry. But don’t blame your parents for your misfortune or poor planning if you’re fully capable of earning a living.
Parents need to live a comfortable life, and they aren’t accountable for your well-being once you’re an adult.