The article “Supporting Grown Kids? How to Land the Financial Helicopter” discusses strategies for parents to support their adult children financially without compromising their own financial stability. The Pew Research Center reports that about 6 in 10 parents have provided financial assistance to their young adult children within the past year. The most common forms of assistance include household expenses, such as rent and food, which can be beneficial if the parent saves these payments for the child’s future use, like a down payment on a home.

Experts suggest that parents should focus on helping their children with specific expenses rather than providing a blanket financial support. This approach allows young adults to learn financial responsibility and independence. For instance, parents can assist with making a down payment on a first home or covering food and rent while the child is looking for a job. Setting realistic deadlines and milestones, such as when a child starts a steady job, can help in transitioning the child to financial independence.

Another technique is the “wealth starter kit,” where parents help their children build wealth by purchasing property or setting up retirement accounts. This approach can be beneficial in the long run, as it helps children establish financial stability. However, it is crucial for parents to ensure their own financial stability before offering support to their children. The article emphasizes the importance of leading by example and showing children that the parents are financially stable.