attn:money » financial support

“How to Cut Your Kids Off”: Wall Street Journal

Ken Kaye — Wed, 17 Jun 2009 20:22:10 +0000

The Wall Street Journal’s “Wallet” section notes, In addition to moving back home with the folks, some adult children are relying more and more on their parents for financial support–a situation that can put added stress on already weakened retirement accounts and strained family budgets. The short piece, illustrated with a boomerang, recommends sitting down with them [...]

Budgeting in the City

Nick Kaye — Tue, 16 Jun 2009 01:13:36 +0000

It’s no surprise to read in today’s Times that New York City’s economy has been hit hard by recession-reduced subsidy checks from parents to 20-somethings. Parents whose money helped fuel one of the city’s most radical gentrifications in recent years have stopped buying their children new luxury condos, subsidizing rents and providing cash to spend at [...]

NYC economy hit by decline in parental subsidies

Ken Kaye — Mon, 08 Jun 2009 13:04:07 +0000

The flow of parental money that helped fuel one of New York City’s most radical gentrifications has ebbed.

Motivate, Teach, Support

Ken Kaye — Fri, 03 Apr 2009 19:44:24 +0000

“How much do you need?” a father played by Jason Robards in the movie Parenthood asks his hapless son (Tom Hulce), with a look that says “… you worthless, disappointing, lying bum”—while reaching into his pocket.

As a psychologist as well as a father, I wanted a way to communicate exactly the opposite. A way to give my sons and daughters the consistent message, “You’re worthy, you’re capable of succeeding, I love you, and we’re going to help you.” A system that helps by teaching them to fish rather than merely handing them a wad of fish.