Money + Mental Health: Supporting Young Adult Children, With Limits - Shrinking It Down

Money + Mental Health: Supporting Young Adult Children, With Limits – Shrinking It Down

By Ellen Braaten, PhD and Rand Spero, CFP®, MBA, Ed.M.

Topics: Culture + Society, Healthy Living

If you’re a parent, you’ve likely spent time thinking about your child’s future after age 18. Whether it’s going to college, finding a job, finding an apartment – taking that first step towards independence is ultimately tied to…money! Where that money should come from is a complicated issue, and it’s not the same issue it was 20 or 30 years ago. What does this mean for both parent and child mental health? Special guest Rand Spero, CFP, MBA, EdM joins our co-director Dr. Ellen Braaten to talk about the economic realities of young adulthood today, including strategies for families to embrace.

Thank you for joining in this conversation. Have a question or comment about financially supporting the young adults in your life? Write to us at contact@mghclaycenter.org.

Media List

Adult children are costing many parents their retirement savings (CBS News)
Price Of College Increasing Almost 8 Times Faster Than Wages (Forbes)
Life Support (Rand Spero, Humble Dollar)
Student Debt is Transforming the American Family (The New Yorker)
Adult Children Moving Back Home: The Boomerang Generation and the New Normal (MGH Clay Center)
Enrollment booming as VoTech education gains new reputation (The Patriot Ledger)
How to Talk to Your Middle Schooler About College and Money (HerMoney)
How to Talk to Your High School Student About College and Money (HerMoney)

Episode hosted by Ellen Braaten

Episode produced by Sara Rattigan

Music by Gene Beresin

Thanks for visiting the Clay Center. We are entirely funded by visitors like you. We receive no financial support from Massachusetts General Hospital or Harvard Medical School. Your support of our work helps us to continue to produce content on mental health topics that support the emotional well-being of young people everywhere.

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Ellen Braaten, PhD

Ellen Braaten, PhD, is executive director of the Learning and Emotional Assessment Program (LEAP) at Massachusetts General Hospital (MGH), an associate professor of psychology at Harvard Medical School, and former co-director for the MGH Clay Cente...

To read full bio click here.

Rand Spero, CFP®, MBA, Ed.M.

Rand Spero, CFP®, MBA, Ed.M. is a founding advisory council member for The Clay Center for Young Healthy Minds, and president of Street Smart Financial, a fee-only financial firm that works with individuals and families on their long-term planning...

To read full bio click here.

Money + Mental Health: Supporting Young Adult Children, With Limits – Shrinking It Down