children and money

How Giving Money to Adult Children Can Lead to Unhappiness

How Giving Money to Adult Children Can Lead to Unhappiness

TED JENKIN: The holiday season will be upon us soon and what could be better than having your parents give you a large gift of cash, real estate or stock? Now think about wrestling with unwrapping the emotional paper that will come along with this gift for the rest of your life.

I have shared with people that happiness in life is largely dictated by expectations either met or unmet.  When a parent gives a large gift to their children or grandchildren, there is often no discussion around the expectations that come along with the gift (i.e. what type of wedding you need to have, what type of house you must buy, where your children must attend college). Consequently, most parents believe they have the right to start telling their children what to do with the money, and most kids feel obligated to listen to their parent’s advice–partly in fear of disappointing their parents or, even worse, worrying about never getting a gift again from them.

There is no right way or wrong way for a parent to give money to their child.  However, a gift should be a gift and parents who want to give a large sum of money to their children should let them enjoy it unless they have previously discussed their agenda regarding the intended gift. If a parent wants to give money to their children with strings attached, then the best way to not strain the future relationship is to have the discussion around the expectations that come with the money before the parent makes the gift.

READ MORE via How Giving Money to Adult Children Can Lead to Unhappiness – The Experts – WSJ.



children and money

FJT aims to be the information hub that empowers Black wealth creation. We are behind FJT's fresh & insightful content that helps you think, learn, laugh, and move towards action to create a stronger Black community.

More in children and money

Dr Boyce Watkins: 5 ways to know if your man is going to be financially successful

FJT StaffMay 27, 2019

Second Brown Girls Do Gymnastics conference touts girl power and self-love

zacharyJuly 27, 2018

This 6-year old has created an extraordinary business

FJT StaffJuly 12, 2017

Dr Boyce Watkins: The six things your kids need to know in order to be supremely well-educated

FJT StaffApril 29, 2017

How the child support hustle traps black men and ruins them financially

FJT StaffMarch 18, 2017

Dr Boyce Watkins: The single mother and the angry ex-husband – How money became a virus

FJT StaffNovember 17, 2016