Tag: wealth

Images of growing stacking coins and Hand putting coin into glas

Several young adults in my life have been derailed by the COVID-19 recession. A few examples. My daughter-in-law just finished her graduate degree in occupational therapy and sailed through her certification only to be met by a stalled job market. A friend’s daughter, fresh out of nursing school, has already been turned down for on…

Photo of mother and daughter

When the economy tips into a recession, as it is doing in reaction to the COVID-19 pandemic, the question of whether parents will give financial help to their adult children could conceivably go either way. Parents looking for some peace of mind might throw a financial lifeline to their struggling or unemployed offspring. Or parents…