Latest / The Aaron Katsman Show
Should You Bail Out Your Adult Child’s Debt?
Should you pay off your adult child’s debt, or would that only enable the behavior that created it? When someone you love is struggling financially, the instinct to rescue them can be powerful. But eliminating the debt without addressing their spending habits may provide only temporary relief and leave them in the same position a few years later. On today’s podcast, I’m talking about how parents can support an adult child without encouraging financial dependence, why cash bailouts and family loans frequently backfire, and practical ways to help that promote responsibility rather than postpone…
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