In this podcast episode of MCM Wealth discusses the complexities of giving financial gifts to adult children. The episode begins by contrasting the economic realities of the post-World War II generation with those of millennials and Gen Z, noting that factors like high housing costs and student debt make it more challenging for younger generations to build wealth. This context highlights the more common need now for parents to provide financial assistance to their adult children.

The conversation covers various strategies for giving, emphasizing the importance of a “hand up” rather than a “handout.” Loury stresses that clear communication and a well-defined plan are crucial for ensuring these gifts strengthen family relationships and encourage financial independence, all the while protecting the parents’ own retirement security.