Debt: A Deal Breaker in Millennial Romances?

We heard through the grapevine about a boomer couple upset because their son, who graduated from a prestigious college and professional school without loans, was marrying a young lawyer with tens of thousands in educational debt. The parents feared that paying off this financial burden would delay the couple in buying a house and starting a family. Wisely, they chose to say nothing. Their concern is not unwarranted. Millennials who are able to get ahead financially by owning a house …

How to Play the Mother-in-Law Name Game With Millennials

Weddings, as we observed last week, can ignite bad feelings among family members. Once past the nuptials, the young couple may expect “happily ever after,” yet other issues can bedevil both parents and adult children. One sticking point is what to call an in-law, particularly a mother-in-law. For some reason, male in-laws don’t seem to have this problem. We chatted recently with a friend who mentioned that when her son got engaged more than a decade ago, she asked the …

Family Caregiving Worth $470 Billion a Year, AARP Finds

The economic value of the nation’s family caregivers’ unpaid work is an estimated $470 billion a year — an amount about equal to the annual sales of Wal-Mart, the world’s largest company. That’s the top finding from the AARP Public Policy Institute’s new report, “Valuing the Invaluable: 2015 Update.” The survey found that an estimated 40 million U.S. caregivers devote about 37 billion hours to assisting adult relatives or close friends. Get the support you need to care — AARP Caregiving Resource Center » …

A Millennial Dilemma: Decline or Accept Those Wedding Invitations?

Weddings bloom in summer, and sometimes those festivities blossom all at once for boomer parents and their adult children. The average age for a bride is 29 and for a groom, 31. When the adult children of friends and family hover in that age category, we can expect many invites, sometimes too many for our budget and schedules. The wedding day, ranging from backyard affairs to Las Vegas-style extravaganzas, isn’t the only event. Engagement festivities, showers, and bachelor and bachelorette …

Maneuvering Family Vacations With Adult Kids, Grandkids and More

When it comes to travel, writer Janey Womeldorf knows her way around. She has worked as a tour guide in her native Bath, England, and as a travel agent in Germany. Now, as an Orlando, Fla., transplant, she’s the in-house theme-park planner for her extended family. Over the last decade Womeldorf has coordinated family trips that include toddlers and adult children as well as grandparents. While family vacations can be a wonderful chance to reconnect, they can also be a time …

Calm Down: Your Millennial Kids Are All Right

The traditional markers of adulthood usually include employment, financial independence, marriage, a home and children. And many of our millennials are taking their time achieving them, especially compared to their boomer parents. Two writers — one an academic and the other a 20-something — question the accuracy of those touchstones. In his book, The Prime of Life, history professor Steven Mintz points out that Americans started marrying in their early 20s only after World War II. Apparently emerging adults have …