Well, isn’t this a tough question? What works for one parent might not be what another parent wants. That is why parents should not be judged for how they raise their kids.
Ideally, when a person gets to 18 years, society expects them to start figuring their lives out. However, this is not always the case. There are people who leave home by 18, while others stay a little longer.
Financial support goes a long way because it takes a while before someone gets used to taking care of themselves. Parents should teach their kids about financial independence so that they know what to do when it’s time to move out. By the way, this could be a great topic for a sociology essay – there is something to think about.
When your child is about to leave home for college, you should use this opportunity to let them know that they’ll soon be on their own.
You should teach kids about money management from a tender age. This way, they’ll grow up knowing that money is hard-earned and it should not be wasted.
So for how long should, parents support their children financially? Let’s discuss it more.
Who is Considered to be an Adult?
In the United States, a 16-year old can get a driving license, but this same person cannot use alcoholic drinks until they’re 21. According to the state, an 18-year old is grown enough to get married. This means that the state considers an 18-year old individual to be old enough to start a family of their own.
Note that it’s not the state or even society that raises kids. Parents have different views on when they can see their children as adults. Even if they do, it does not mean that they’ll automatically stop providing financial support.
Ideally, an adult is a person who, first and foremost, has attained sexual maturity. Which means they can reproduce if they want to. However, this is a very small aspect of adulthood. To be an adult, you have to prove self-sufficiency and be in a position to take responsibility for your actions.
A 16-year old can get a driver’s license, but they cannot rent a car until they’re 25. Which means there are different levels to adulthood. You might be able to drink alcohol at 21, but ar rentals cannot trust you with the responsibilities that come with a rental vehicle.
What’s the Ideal Age to Stop Giving your Kids Money
So far, we’ve established that there’s no definite age after which a person is considered to be an adult. Which means that there is no ideal age to stop giving your children money. If your child starts a business when they’re 14, and it turns out to be a success, it means you won’t ever have to give them money again. However, if you have a scholar who wants to pursue all their Ph.D. before they’re 30, you should support them if you have the resources.
How much a parent supports their children all depends on variants that vary from family to family. There is no one-fits-all rule that can apply to all families.
Another thing is that different households have varied principles they live by. If you grew up knowing you’re supposed to move out when you turn 18 years old, everything you and your family will be towards facilitating that.
At the end of the day, children and parents should be able to turn to each other with their problems. After all, we all need to support our families whichever way we can.
There is no ideal way to answer this question because parents parent differently. What works for one parent might not work for another. You should support our child financially for as long as you think it’s necessary.