r/TalesFromYourBank • u/AnInMoon • 3h ago
Why do boomers have bank accounts with their kids
Kids are already in their 30s, still depend on the parents, no credit history, no credit cards, still live with their parents and live on the parents’ allowance even though they have jobs. Parents come to the bank to open joint CDs with their kids and control their money. Kids are clueless about what they’re saving for, can’t answer simple questions about their personal finances.
Also same for younger parents whose kids are turning 18… won’t allow their kids to have credit card or build credit. Kids are 18-28 but still need their parents permission to do anything.
Why do they do that to their children 😭😭😭