Mother’s Day: What Women Really Want From Their Adult Kids

Mother’s Day brings a spending spree as Americans dole out a record $21 billion this year for cards, flowers, jewelry, gift certificates, electronics and gardening tools, as well as creating a crush at restaurants for brunch and dinner on Sunday. While the typical expenditure is $175, our 25- to 34-year-old children will spend the most of any age group, averaging almost $250. Of course, that doesn’t mean they are splurging only on moms; many will buy gifts for their wives …

What Will Retirement Look Like for Our Adult Children?

For decades, the three-legged stool was the metaphor for funding retirement: Social Security, pensions and savings/investments. Because of the recession and drop in pensions, the stool started to shake. That hasn’t escaped the notice of our adult children as they watch parents head into retirement. The upside of those watchful eyes is that many millennials have begun saving for their own retirement. At an unprecedented age of  22, some 70 percent of working millennials are socking money away, according to …

The Cost of Perpetual Parenting of Adult Children

For many boomers, the empty nest seems more like the empty bank account. After college, kids boomerang home for a few months or years, driving up monthly household expenses. Even when they leave, they often return to the “Bank of Mom and Dad” for help with costs from new cars to camp for the grandkids. All those added outlays are impacting millions of boomers, causing many to delay or modify retirement plans, according to a new study by Hearts & …

Move Aside Millennials, Make Way for Gen Z

First the boomers were nudged from the media spotlight by millennials, the largest and most diverse generation. And who can argue that our adult children have made an indelible imprint on how we live, work and play. But now millennials are about to get some competition. Here comes Gen Z. Although the starting date can vary, Gen Z encompasses newborns to teens, beginning with those born in 2001. Demographers and marketers alike slice and dice the U.S. population in generational …

Sharing Accounts With Adult Children: A Good Idea?

 “I have an embarrassing secret. And if you’re a millennial, chances are you’ve got the same one.” The secret? Journalist Elizabeth Weingarten reveals in her Slate article,  “In Defense of the Digital Umbilical Cord,” that she is on her parents’ cellphone plan and “mooches off” their HBO Go and Netflix accounts. Apparently she was shamed by a Glamour magazine article that chastised that it’s not OK “if you’re 26 and your parents still pay your cellphone bill. Cut the cord on that …

Talk More, Text Less With Adult Children

In accepting the Oscar for best supporting actor last week, J.K. Simmons didn’t dwell on thanking the Academy and the Whiplash crew. Instead, he exhorted, “Call your mom, dad everybody. If you’re lucky enough to have a parent or two alive, call them! Don’t text, don’t email. Call them. Listen to them for as long as they want to talk to you.” The 60-year-old actor later told reporters that message was prompted by his realization that he had missed too many opportunities …