Guests: Ellen Berman and Ron Lieber
You might give your eight year-old allowance but how about your 28 year-old? How long should parents support their adult children financially? If you can, should you help them pay the rent, college tuition, a down payment on a house? And what about lending to your parents or a sibling? Families and money can get messy and emotional — it’s a potential minefield — and today we are going to wade into it with ELLEN BERMAN, a family psychiatrist at the Center for Couples and Adult Families at the University of Pennsylvania and RON LIEBER, who writes the “Your Money” column for the New York Times and is the author of The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart about Money.