Parenting Grown Children: What Dr. Spock Forgot to Tell Us

Empty Nest: Feeling down in the dumps when the kids leave for college

I always thought paterfamilias and I had a solid marriage. It was tested when our kids--they were one year apart in school--left for college. Within a year, the house was empty. We had more fights those first few weeks than at any other period in our marriage. It was, I came to realize, because both of us were feeling low about our children leaving home. Positive though that journey is for them and us.

We survived. So do others. But every year a whole new flock of parents go through it. I just read something insightful by a health professional that I thought I'd share with the new flock:

"It is normal to go through a crisis when the children leave home. It is not easy, even though it is a healthy and positive process. When kids leave home, they leave room for something else. There remains a space in the house, a void that has to be filled. An empty space can produce uneasiness, discomfort, anxiety, emptiness, etc. until it is filled with something new."

Money Matters: Sharing the wealth--or at least your plans for the wealth.

You never know where some gem or germ of wisdom will come from. Here's a little sensible advice from a law firm's blog. Of course, the writer is selling estate planning, but still, the comments make sense even if you're not drawing up an official plan. First, there's the question of whether you should share your estate plan with your heirs--the grown kids or even the grandkids, if they're grown, too.

The lawyer-writer answers that point this way:

"If you have a significant estate to leave to your heirs—but you are still alive and well—to whom does that significant estate belong, you or them? This seem a silly question, of course the property belongs to you, but many adult children have come to count on the property their parents will leave them, and—rightly or wrongly—to feel a sense of ownership over it. As potential beneficiaries, do your heirs have the right to be informed ahead of time of your plans for your own estate?

David Cay Johnston, in his article Learning to Share, suggests that "although parents have no responsibility to inform their children of their plans, not talking to your kids about your estate plan is a surefire way to foster hurt feelings and inter-family fights once you've passed on.

Every family and situation will be different, and some parents will have good reasons for keeping their plans under wraps. But in many circumstances, whether your intention with your estate plan is to ease the way for your heirs or merely to ensure that your wishes are carried out to the letter, open communication with your children or potential heirs is the best way to support the accomplishment of those goals."

Money Matters: How to talk about money

They've got tips--100 of them--for discussing money, an always touchy topic when it comes to talking to your adult kids without making them feel like you are muddling in their financial life. They are Kathryn and Captain Frugal who write a Money Saving Blog.

Here are some of the tips aimed at the adult children themselves (and that we, as their parents, should bear in mind):

39. Set clear boundaries. Decide on your own what you will and won’t discuss with your parents and financially and stick to those boundaries.

40. Respect your spouse and children. As you get older, your family priorities shift away from your role as a child and towards your role as a parent and spouse. When discussing finances with your own parents, respect the rights to financial privacy that your other family members have.

41. Rely on parents for financial help only as a last resort. After you’re on your own, you need to be responsible for your own finances. If you rely on parents for help, then they are going to feel that they have a right to tell you how to spend and save and you want to avoid that.

42. Don’t overreact. You don’t live in your parents’ house anymore so you don’t need to get all worked up about their opinions on your money. Just listen and let it go.

43. Find non-money things to discuss with your parents. Parents sometimes try to get us to talk about money because it gets us riled up. In a weird way, this makes them feel that they’re still closely involved in our lives. If we are close in other ways, this will be less of an issue

44. Use the “I” word. Parents still feel responsibility for your finances since you’re their child. They’ll feel less responsible if you talk about your own feelings and situation without blaming them.

45. Stop talking about the past. The financial past is over with so deal with it and move on.

 

Here are some tips for you, as the parent of grown and independent kids:

72. Do more listening and less talking. Your kids needed you for advice and financial guidance when they were young. Now they need to sort things out on their own with your sound financial ear as support.

73. Let your adult kids know that you’re willing to help them learn how to budget, save money and get into investing. Then wait until they say they are ready for your help. When they ask, be there to assist.

74. Invite them to attend financial classes and workshops with you.

75. Solicit your kids’ advice on technology as it applies to money. They probably know more than you in this area!

76. Admit your changing financial fears. As your kids become adults, they are ready to hear the reality of your fears about money as you get older. Admit this and find a proactive way to eliminate those fears together.

77. Consider their finances when planning family things. You may want your kids home for Christmas but if this puts a financial burden on them then it creates a lot of stress. Discuss the issue openly to resolve the financial aspect of these things.

78. Put your financial affairs in order. This will help when dealing with money as you get into your older years.

Refilling the Nest: Economic woes bring older adult children home

The latest census report and a couple of surveys hold some startling statistics for those of us with adult children: They are moving back home in force. And at mid-career--or older.

Here are the numbers, starting with the younger ones:

According to the most recent Census report, there were 5.1 million Americans age 25 to 34 living in the home of a parent. In 2004, there were only 4.3 million doing so.

When AARP surveyed 1,000 adults this spring, it found that 11 percent of people between ages 35 and 44 were living with parents or in-laws.

A recent survey by grandparents.com of 4,800 grandparents found 12.5 percent reporting that they lived in the same home as their grandchildren; of those, 53 percent said that the adult children and grandchildren who lived with them could not afford to live independently.

And the trend is likely to keep going as this deep recession just begins to hit bottom. These stats and some human interest stories to go with them are in this story from the New York Times.

Empty Nest Redux: When the kids come marching home again

This just in from Great Britain. A survey by Selftrade of 2,000 Brits on fallout from the current economic downturn finds that "50% of British adults have been forced to make a ‘Plan B’ in the last year, as their lives have taken a surprise turn in a different direction. In 87% of these cases, a life change drove a major shift in financial outlook and habits."

While the survey identified "the need for people to empower themselves by taking control of their finances to secure against financial difficulties should a lifestyle U-turn be necessary," what was of interest to me--and presumably, readers of this blog--is the finding on how parents of adult children were reacting. Here's the excerpt on that point:

"The Forever parents
An emerging social trend in “Recession Britain” is the growth of the multi-generation home. Parents who experienced the surprise return of their adult children back home went through a number of sudden financial shifts. Suddenly devoid of their independence they were the group least likely to put themselves first (14%) or to be selfish when planning financial goals (15%). They were also the group most relaxed about taking on more debt (12%) and were least bothered about boosting their savings (10%) or investments (17%) - probably because they had little left over that they could put away."

Adult Children as Guests: Home for a visit--for weeks at a time.

Lucy has three children--all grown and living independently. Two live nearby. One daughter lives far away--in a third-world country where her job is first rate and so are the perks. She has two nannies for two children. So when she came home for a three-week visit--part work, part parental visit--a nanny came with her. Only one of them. The one for the baby. Not the one for the 4-year old.
I tell you all this to tell you what Lucy said when I asked her if having the nanny as part of the entourage made things easier. "No," Lucy says. "She was just another mouth to feed."
Lucy, who's a very energetic person, was exhausted by the visit--even though she does regular duty taking care of her two grandchildren who live nearby.I bumped into her two weeks after her far-away daughter left and she said she was just recovering. And dreading/excited about another visit--the far-away daughter was due to come back for another three-weeker this summer.

What is this all about? Almost everyone I know reports a similar response to a visit from their adult children with grandchildren in tow. It seems it's just as bad even when there's a nanny around to help with the child care, or when the adult children themselves pay full attention to the care and tending of their offspring.

My theory is that it's the change in routine. And the provisioning of the refrigerator and the pulling together of meals three times a day. with special meals that cater to special tastes of very small people. "Why can't he just have cereal for dinner," Lucy asked one evening when her small grandson who lives so far away didn't like what was offered. This did not occur to her daughter. And Lucy's theory on this is that her daughter and her grandchildren are so used to having nannies around to cater to every need, they don't have to make do with cereal. Nor do they insist that what's offered will be eaten. Someone will hop up and boil the pasta and heap on the butter and satisfy the little one's appetite.