Social Work Commons^™

Scaffolding Or Enabling? Implications Of Extended Parental Financial Support Into Adulthood, David Tenerelli, Sharon Weaver, Nathan Astle, Megan A. Mccoy

Journal of Financial Therapy

Recent decades have seen tremendous changes in the duration of time that parents offer financial support to their adult children. This paper explores the literature regarding the variations in support, the forces impacting those variations, and the effects of that support on the children's human capital and financial attainment, as well as implications for parents. A case vignette based on an amalgam of case experiences by the authors is provided to explore the relevance of the literature findings to an amalgam financial planning client in the situation of providing financial support to an adult child. Sample interventions are based on …

Financial Enmeshment: Untangling The Web, Randy Kemnitz, Bradley Klontz, Kristy L. Archuleta

Journal of Financial Therapy

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Children learn through observing and interacting with their parents. Much of what children learn about money comes from these observations and interactions. An area of concern in parent – child relationships is the impact of boundaries and roles. Parents whose boundaries with their children are rigid and inflexible do not prepare their children to effectively deal with stress in their lives. Similarly, parents whose boundaries are too flexible may impede their children’s ability to develop appropriate coping skills. This is true of their development of personal finance, money, consumption, and debt coping skills. Financial enmeshment occurs when parents involve …