Annotated Bibliography 1

Chatzky, Jean(Dec. 19 2006). Your Adult Kids are Back. Now What? CNNMoney.com
In this article Ms. Chatzky talks about how parents usually think their job is done after their kids are done with college but the reality is 65% of kids are moving back home with their parents after they graduate. She talks about the reasons of why this could be happening like the average debt a student has is $20,000 in student loans and $4000 in credit card debt. On top of that, rent has gone way up and starting salaries have dropped 17%. She goes on to explain how parents can help their children get through this stage and be standing on their own two feet when they are done. She talks about the two types of Adultolescence, one being when you see it coming because maybe their salary just won't cut it and you plan for them to come back for awhile to help them out, and the other where they are out on their own but aren't making it and want to move home. If they coming home she teaches to make them pay rent. A normal adult averages paying 35% of their income to housing so to cut that in half for them to pay you, and use the rest to start saving for their exit plan. If they are out on their own, you should help encourage them to stay there to build their self esteem. You can give them a gift of money, or give them a loan and set it up like a bank would. Trying to treat them as much like adults as possible as you help will be a win-win situation. She stresses the fact of the importance of helping them make sure they have health insurance as well. Also if your child is spending a lot or driving a nicer car then you, it's time for them to leave.

How do you know that your days of bailing out your kids should come to an end? Ask yourself a few questions, suggests Furman. "Are they working hard? Are they progressing in terms of saving toward their exit goal? If the answers are yes, you're doing the right thing, and full independence will likely come about on its own. But if you see that your kid is coasting and not saving a dime, your contribution might be crippling him. You may want to push him out early."

This Quote could be a good conclusion maybe?