Why do American parents kick their children out after they turn age 18? (divorce, wife)
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As many others have said, I don't know a single 18 year old tossed out of the family home. I do know many college graduates who have moved back in with their parents, at least until they find employment that will allow them to be independent. At that point, many of them prefer to move out.
I cannot fathom giving an 18 yr old $2500, much less $25,000, and setting them loose. Most late teens still don't think long-term, and would not handle the money responsibly IMO.
I LIKE my kids. I won't push any of them out of the nest until they want to go, and even then I will regret seeing them move on.
The parents should teach their kids how to handle money and how it works. Teach them how compounding interest works, the stock market, savings, credit, etc.
Just because an adult lives alone at age 18 does not make them adults. There are lots of 18 year old who are not responsible especially with money.
Well yes, actually, it does make them adults. At 18 you are considered an adult in the eyes of the law - you can sign contracts and are responsible for your actions. Now, does that make every 18 yo responsible? Of course not. I know 40 year olds who are irresponsible - both with money and other facets of their lives. That does not make them any less an adult. It simply makes them an irresponsible adult. In this country 18-25 yo are generally considered "young adults". It is a transition time. Most parents who are able to help their children (financially or emotionally or both) at this time will do so to varying extents.
The parents should teach their kids how to handle money and how it works. Teach them how compounding interest works, the stock market, savings, credit, etc.
Yes they should. That should begin long before they turn 18. That is one reason many parents believe that having a job is a beneficial experience for teens.
How so? I already told you that it was my choice, and I earned the means to do it myself. Nobody pushed me out of the nest. I always knew I could go home and my parents would welcome me, but I had no inclination to do so. I love living on my own!
I have read a few posts on CD about parents kicking their kids out/kids being kicked out, but IRL I have never seen this. In the US culture, it is common for 18 yr olds to go off to college. Many live away from home in dorms, then apartments. Those that don't go to college often live at "home" for a while, then get an apt. w/friends. At least that's how it is here in my little corner of the world.
Yes they should. That should begin long before they turn 18. That is one reason many parents believe that having a job is a beneficial experience for teens.
Unfortunately, what they will do is getting a credit card and to the malls and max out on it. Credit Card companies love that. High Schools and Colleges won't you teach you that.
How so? I already told you that it was my choice, and I earned the means to do it myself. Nobody pushed me out of the nest. I always knew I could go home and my parents would welcome me, but I had no inclination to do so. I love living on my own!
I thought parents want a better life for their kids then they had themselves.
For someone who wants to retire 10-20 years early, it would be possible if the kid live with their parents for a few years more.
The parents should teach their kids how to handle money and how it works. Teach them how compounding interest works, the stock market, savings, credit, etc.
True enough, which is why we have insisted our kids find summer jobs while they are in school. In our state, an economics class is mandatory for HS students also. For college graduation, we give them cash to invest in the stock market.
I am not looking for my kids to lead a better life than I have, but it would be nice if they could match it. I'm just not sure that goal is attainable in the current financial climate.
I thought parents want a better life for their kids then they had themselves.
For someone who wants to retire 10-20 years early, it would be possible if the kid live with their parents for a few years more.
I see. So because I voluntarily moved out as an eighteen-year-old with my parents' blessing and paid my way through university, I must be in bad financial shape. Sweetheart, I have far surpassed my childhood standard of living, which wasn't bad, btw. In fact, I would say that the lessons I learned by making mistakes in young adulthood are a big part of the reason why I'm a young forty-something with a paid-off house, no debt, and a comfortable lifestyle. If we so choose, early retirement is absolutely possible. Speaking of which, I should call my parents and thank them for encouraging me to stand on my own two feet so early in life.
Because America is insane and doesn't give a flying spit about family values anymore. We got celebs and musicians to look up to instead. :\
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That is one reason many parents believe that having a job is a beneficial experience for teens.
