Tyler Perry says he’s had to make the hard call to stop financially supporting some family members.
On the Den of Kings YouTube show, he shared one example: he got a relative a job at his company after they said they wanted to work—then they didn’t even show up.
He’s not the only one facing this. According to Money Wise, 43% of people have lent money to friends or family in the past year.
Many parents are still financially supporting their adult kids—especially Gen Z. Bank of America’s Better Money Habits research found that 46% of Americans ages 18–27 rely on parents or relatives for financial help. And as you might guess, many of these arrangements don’t end well.
🗳 Poll: If you were a billionaire, would you cut off family members financially?
ALSO LISTEN TO: Three Ways To Keep Money From Coming Between You & A Loved One
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