Navigating the Transition to Adulthood: Advice for Parents
In an evolving world fraught with challenges, parents often grapple with how to support their children in achieving success while maintaining healthy relationships. With over two decades of experience running a college internship program, I witnessed young adults struggling during their transition into independence, lacking crucial life skills like financial literacy.
Today’s youth face overwhelming obstacles, including skyrocketing housing costs, heavy student debt, and job market uncertainties. A recent tragedy underscored this; a 22-year-old was unable to afford his asthma medication due to a price hike, leading to untimely death—professionally help, both practical and emotional, is essential.
To foster effective communication, parents must pivot from outdated advice and engage in “high-level discussions.” This involves active listening and refraining from filled silences with criticism or personal anecdotes. Share your vulnerabilities and mistakes instead of only successes to enhance relatability and build trust.
These open dialogues can help young adults make informed decisions while strengthening familial bonds. Embrace the reality that life is imperfect and remember Kermit the Frog’s wisdom: “Life is not a solo act.” By supporting them meaningfully, parents can empower their children for a more successful future.
Michelle C. Herting, CPA, offers these insights drawn from her extensive experience in business and family advisory.
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