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The Clark Howard Podcast

12.21.23 Supporting Adult Kids / Taking Security Warnings Seriously

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 21 December 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

Do you financially support your adult kids? This is a tough area. Clark shares some surprising statistics and offers some guidelines for parents. Also in this episode, do you pay attention to security warnings including data breaches, scams & digital vulnerabilities? Clark discusses what it takes for us to actually take security alerts seriously and act to protect our accounts. Funding Your Adult Kids: Segment 1 Ask Clark: Segment 2 Security Warnings: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Clark’s Christmas Kids Kevin O'Leary: How I handle family members who ask for money and the one rule I always enforce Study reveals more than half of American parents in these 36 states shell out to support their adult children How Does Your Credit Utilization Rank vs. Average U.S. Consumers? Can I Trust the FDIC’s Recommendations on Getting Insured for More Than $250,000 at a Single Bank? Best Free Password Managers: 7 Top Picks / How To Create a Safe Password How To Monitor Your Credit Credit Karma Review: Free Credit Score and More at Your Fingertips How To Freeze Your Credit With Experian, Equifax and TransUnion What Is a 403(b) and How Does It Work? Clark does not purchase extended warranties! Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's my pleasure to welcome you here to the Clark Howard show.

0:08.0

You know, our mission is to serve you with information that empowers you to make smart financial decisions in your life.

0:17.0

And I want to thank you again for all the support you may have given in prior years or this year for our Clark's Christmas

0:25.2

Kids campaign in its 33rd year because of you kids in foster care are going to have gifts Christmas morning where usually they

0:36.7

would have a big fat nothing.

0:39.9

So I appreciate it so very much. It's not too late to donate. All you do is you go

0:46.8

to Clark's Christmas kids.com and whatever you can afford I appreciate it very much on behalf of these children who did nothing wrong.

0:57.4

The adults in their lives let them down and it's so important that we let these kids know that they're not

1:06.0

forgotten, that they're loved, that they're cared about even by an absolute

1:11.2

stranger, you and me. Speaking of giving money, there's an old

1:16.9

expression charity begins at home. So the question is if you have kids are you supporting them as adults? I'm going to

1:27.4

share some stats with you that may surprise you. Also when you hear a news report, see a news report, read a news report about a security issue or the latest hottest hottest scam.

1:42.6

Do you pay any attention?

1:44.3

If you do, you're the rare one.

1:46.4

I'll tell you what motivates people

1:49.5

to pay attention to security breaches and scams and the rest, the answer may surprise you when we actually

1:58.1

do pay attention.

2:00.7

So right now I want to talk about something that is real and happening right now.

2:08.0

Survey finds two-thirds of American parents are providing financial support to adult children all the way up to age 40.

2:20.0

What are they giving? Over $700 a month to each adult child, on average,

2:29.1

of the parents doing it.

2:30.9

A third of them, survey says, and all this is in a USA Today article, a third of those

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