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Dear LFTP August 31, 2015 · 48:41 · 5 min

Dear LFTP: a $16,000 gift to an adult daughter still in debt

  • Should I give my adult daughter more money after the $16,000 gift to pay her debts did not fix her finances?

A host (anonymous speaker-2 label) reads a listener letter: three years ago she gave her adult daughter, married with a child, more than $16,000 to pay off debts, and the daughter's debts have returned while the writer is now on a fixed income. The hosts advise against giving again, calling it enabling rather than helping, and suggest treating it like a business investment requiring the books. The 'secular answer' is read: stop enabling, investigate the spending problem, and steer the couple to legitimate credit counseling.

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