Mom Checks Bank Account—Shares Viral Discovery About Millennial Daughter

A woman named Kelley Armstrong recently discovered that she was still paying her 33-year-old daughter a weekly allowance of $10 through automatic bank transfers. Armstrong shared her experience on Threads, garnering over 172,000 views. In her post, she expressed her difficulty in canceling the ongoing payments, stating, “Enjoy that $10! Don’t spend it all in one place, and, um, don’t tell your brothers.”

This revelation has sparked discussions about when, or if, parents should continue the practice of giving allowances to adult children. Various financial experts suggest that while allowances can help develop money management skills in children, they may also foster reliance on these payments if not managed properly. The consensus is that many parents begin offering allowances when children grasp the concept of money, often around age seven, and phase them out as children start earning their own income.

Armstrong’s post led to numerous responses from others sharing similar situations, highlighting the widespread experience of receiving ongoing financial support from parents well into adulthood.

• Why it matters: This situation raises questions regarding the financial independence of adult children and the potential impact on their personal finance skills.
• Many parents may reconsider their approach to allowances and financial support, reflecting on the implications for their children’s independence.

• The latest: There has not been any further comment or update from Kelley Armstrong regarding her post or her daughter’s allowance.