Flaptekst

Launching Financial Grownups is a call to action for parents, grandparents, and other stakeholders in the lives of young adults to take their rightful place educating the next generation about the practical realities of money at the time it is needed most: the transition into adulthood. The Covid-19 pandemic amplified an already emerging trend of extended childhood as many young adults moved back into their parent's homes. The milestones of adulthood have been shifting later in life as new cultural and economic trends emerge. Heavy student debt, the economy, healthcare, social pressures and expectations, and more make it harder for young people to reach their economic and lifestyle goals and have well-intentioned parents wanting to step in and help. After all, many parents are of the so-called helicopter parent mentality, and as their kids move into their late teens and early 20's, continue to smooth the way, often by adding financial support. But what happens when that help puts the older generation's economic security and retirement, in jeopardy? And how would the young adults manage their money if their parents were no longer their safety net? Popular personal finance expert and Certified Financial Planner Bobbi Rebell offers specific advice and information for parents and other stakeholders, and walks them through not only what to discuss with their young adults, but also the best ways to bring up topics including budgeting, debt management, investing, saving, insurance, career choice, corporate benefits and peer spending pressure. The book offers insights from top parenting and financial experts and well as personal stories and examples from everyday parents as well as the author herself. Launching Financial Grownup readers will walk away more confident in both themselves and in the next generation.