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Apr. 13th, 2012 at 6:45 pm
I have a couple of friends who live off of student loans; work dead-end jobs, and/or are supported by their parents. For this post I’ll be focusing on the last method of livelihood—mooching off.
Couple A: We’ll call them the Bensons. They’ve been married for a year, and both sides of the family chip in to help cover the cost of an apartment, food, and other things tuition does not cover. Husband goes to school full time, wife completed an English degree and works part-time at Wal-Mart. They do not plan on having kids until they can be self sufficient.
Couple B: The Jetsons. Been married for quite frankly I don’t know how long but they have three girls ranging from 6 years to 6 months in age. Wife stays at home, husband goes to graduate school. Wife’s family pitches in financially, husband’s family believes it’s his duty to support his family; not his folks.
Do you have the duty to support your child’s family financially? Would the gender of your child change your answer (support the daughter, but not the son or vice versa)? Do grandchildren change the equation? At what point would assistance be stopped? Cover the mortgage, live in your basement, or is it more along a time frame of 5+ years? Lastly, does it make a difference if the married kids are going to school?