Should adult children living at home pay rent? And if they do, should parents use that money for household expenses or quietly save it to help them later?
Steve Rhode and Damon Day discuss the financial tightrope between helping grown children get ahead and protecting your own retirement savings. They tackle rising housing costs, family debt, the sandwich generation, and why parents must put on their own financial oxygen mask first.
They also compare the real cost of owning a Tesla Model Y and Chevy Bolt, including repairs, charging costs, warranties, maintenance, and total cost of ownership. Plus, they touch on payday advance loans, gig work for quick income, college costs, and the risks of student loan debt.
Find more practical debt help at https://getoutofdebt.org or free weekday newsletter https://yourmoneyactually.com
Damon can be reached at https://damonday.com
