The CEO of the company I work for recently said something that touches on this. I don’t quite remember the wording, but it went something like “We don’t ‘spend.’ Never spend money. We invest money.”

I met an economist at the NY Fed who wrote this paper on the cost/benefit of attending college, which seems to be the root of most student loan questions. I thought it was fascinating, but not perfect, research.

That is truly awful.

That’s a divorce.

Eh - I wouldn’t say they are failures as parents, there’s more to parenting than the money part. But, it’s definitely not the optimal situation.

Don’t tell anyone about your finances unless you are confident that they will not use that information against you. That goes for your parents too. I’d say that most people already know the nature of their relationship with their parents by the time they are earning wages and have a good idea how they would use the…

Kids have instincts, but they’re still unreliable.

I already can’t keep up with this one. I can’t help myself; I judge parents who borrow from their adult children harshly.

It was always a little taboo to be a trust fund kid, at least since Spaulding Smails and caricatures like that. It’s not cool to have a trust fund - whether it’s damaging to the kids’ development and maturity or not is debatable.

It’s funny, but there’s probably little to no overlap between the population of adult children receiving assistance from their parents and people who are aware of their parents’ estate planning and the tax implications. Seems like people who are still into their parents’ pockets late in life are not dialed in on what…

Frank Reich. I had no idea who that was. Frank Reich does not look like that in my mind.

I never realized how big Pederson was. Dude looks like he could bench a boat.

What’s your take on the joint checking account? - meaning one single checking account that both partners have their direct deposits (or whatever) flowing into and is used as the sole expense account for daily purchases, with no allocations to individual accounts.

Well, his name’s not Handman.

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Wait, how did you get that data?

Ugh, this is the problem with parents’ loans. My in-laws do this for their children on a large scale, interest free. No one in the family has a mortgage and some of them own multiple houses. I’m not 100% sure of the scale, but I know the total figure for loans to their kids is $200K-400K.

The ‘sidecar account’ idea is a little different than this, but yeah - I’m surprised that this option didn’t rate a mention in the article. Even if it was mentioned in the course of detailing why this may not be the best solution, it belongs in the discussion.

Jesus Christ.

Yellow. But, it is on the green side of the yellow spectrum. If they aren’t yellow, then there is no such thing as yellow and the rainbow goes straight from orange to green.