I'm not the person to which you've replied, but I've had a similarly privileged young adulthood. I wasn't given $28k/year, but my parents have always been there for me, and have had the financial resources to help me significantly as an adult.

I have two daughters, who are five and ten years old. I do not intend to pay for their higher education, and I don't intend to give them anything resembling a "stipend" when they go off on their own. Instead, I expect them to build financial independence from my wife and I as quickly as they can, and am very active in making sure they have the skills and character to do so.

Now, that said, we are on track to being able to offer the kind of support in the article. If one (or both) of my children come to me with a plan to pursue college, reasonable projections of how much it will cost, and a timeline that shows a good ROI on that investment, then we'll reconsider. It will be a serious financial decision, though, and one that I expect them to put a lot of thought and planning into. It's entirely possible that my wife and I will simply pay for our children's tuition, living expenses, down payment on a home, or even just buy them a home outright - but any and all financial assistance we provide them will be predicated on one of two things: actual need, or net benefit.

I want my children to understand the weight of the financial decisions they make in early adulthood. I want them to understand and to feel the consequences of those decisions - but they are my children, and I won't let them place themselves in serious danger because of their early mistakes.

I've gone through this myself. I hope my children have an easier time than I did transitioning from childhood to adulthood, but if not, I plan to handle it in a way similar to that of my own parents. In 2004, I had lost a full academic scholarship to a state school and was suffering from clinical depression. I lived in a one-bedroom apartment with my girlfriend (now wife), and my bank account was almost always negative. I worked overnights stocking shelves at a grocery store and my girlfriend was a retail clerk. My parents were there for me - they made sure I had reliable (not "nice", but reliable) transportation, made sure I had a basic cellphone that wasn't always getting disconnected, and were always willing to help make ends meet if there wasn't enough money for food at the end of the month.

From 2002, when I started college, to about 2005, I was barely able to function as an adult. In August of 2005 I married, and started putting my life together. I moved back to my home town in 2006 with a plan to get a career-oriented job at the only decent employer in the area, based mostly on my reputation as a nerd and the fact that I knew many people who worked there, since it was a small town. In 2007 I landed an hourly job there, and worked my way up. We had a daughter in 2008, moved to Virginia for a better job in 2013, had another daughter there, and moved back once more in 2018 to work remotely.

Even today, if I were to experience real financial stress, my parents are there for me. I haven't had to rely on them for many years now, but they're there. I'm 34, and only now am I to the point where I feel like I have an adequate safety net built for myself to withstand a significant event - I see no way I could have built that without my parents' being there for me.

It isn't only about the money. No matter what happens to me or my finances, we will not be homeless as long as my extended family is alive. The opposite is also true; my wife is an only child and her parents are beginning to get to the point in their lives where they're going to need more assistance. I'm taking on that responsibility as I can, and within the next ten years I fully expect that I will be responsible for making sure they're comfortable in their retirement.

To me, this is how families are supposed to work. It's how they've worked for generations. Parents sacrifice to enrich their children's lives, and children do what they can to honor that sacrifice. Extended family is always there to help with immediate issues, whether it raising a barn, helping someone move, or driving someone to a doctor's appointment three hours away. It works, I embrace it, and have made it a central tenet of my life.