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October 29, 2009

The 40-Something Dependent Child

By Margaret Bassett

First, parents were bankrolling their 20-something children, paying tuition bills for private colleges, globe-trotting adventures and rent after college. Then the 30-something offspring needed down payments, money for their own children's summer camp, cars and school tuition. What next? If their net worth hasn't been devastated by the recession, will these parents who reach their 70s and 80s be subsidizing their children

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First, parents were bankrolling their 20-something children, paying tuition bills for private colleges, globe-trotting adventures and rent after college. Then the 30-something offspring needed down payments, money for their own children's summer camp, cars and school tuition. What next? If their net worth hasn't been devastated by the recession, will these parents who reach their 70s and 80s be subsidizing their children

Authors Bio:
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.

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