I am just giving you a different perspective on the prospect of the current generation.
Appreciate the comment.
Not everyone's experience is the same. My father's mother died soon after he was born. His father was born with one arm and couldn't or didn't choose to raise his 6 children upon her death, so his sister raised her 5 brothers. They all worked out well despite (or because of) a tough life. No question that many who start out with a tough life it makes them better, work harder and overcome a tough start --not sure that applies to most people who start out with a tough life.
Regardless of how things were better or worse for people years ago if we focus on today --
1. most jobs don't come with a pension - so young adults are basically on their own to save/invest/work longer etc.
2. health insurance is much more costly than it was decades ago - another challenge for them
3. college education and even advanced degrees seem more of a requirement for better paying jobs.
So, while some children might be very much better off than parents that had a tough start to life they still face a world that is putting major financial challenges on them. If they are responsible adults and parents can afford to help them I see little reason to withhold the help to toughen them up/teach them a life lesson, etc. Helping with needs vs wants is a valid issue to consider.
One daughter and her husband are hard workers with degrees but until recently both worked contract jobs. So, I helped my daughter with Roth funding 100% at first, matching as her earnings improved and finally no string gifts that she funded her Roth.
I feel that
is a life lesson learned and a good start to securing her retirement funding. That wasn't a current need but one that she will face in retirement. In her profession a masters is almost a must is that a want or a need? These are tough issues and a lot depends on the adult children, the parents financial situation and other factors.
We are all trying to do what is best and that can be different even for children in the same family. So far our approach with our children is working out well. Good luck to you and others with what approach you have worked out.