Guilt because I had more financial resources than they did - I'm a millionaire who has worked in finance for decades. Dread because I've seen, both professionally and personally, how quickly money can complicate even the best of relationships. As a financial planner professional turned financial therapist, I specialize in wealth alignment - helping ultra-high-net-worth individuals and couples transform money from a source of stress into one of connection, impact, and lasting fulfillment.
MarketBeat.com's new report, which surveyed more than 3,000 parents, found that an increasing number are charging their adult children interest on family loans. "The Bank of Mom and Dad has always been generous, but even generosity comes with boundaries," says Matt Paulson, founder of MarketBeat.com. "What's striking is that while most parents don't expect repayment - and certainly not at commercial interest rates - inflation and rising costs are starting to reshape how families think about money."