Unraveling Family Financial Quandaries

Story 1: Generational Wealth and Family Tensions

Pay Dirt is Slate's money advice column. "Hurting" had a partner from generational wealth who loved to spoil her. They were both retired and wanted to travel. But her daughter-in-law's sarcastic remarks and passive-aggressive behavior over her travels led to a heated argument. Her son even asked her to sell her house and give them the money. "Hurting" was heartbroken and ashamed, not knowing what to do.

It's a tough situation where one side has generational wealth and the other side has worked hard to provide for their family. The daughter-in-law's attitude and behavior added fuel to the fire, making the situation even more complicated.

Story 2: Empathy vs. Proactivity in Helping

"Aloof and Out of State" had a husband who was empathetic but only proactive when he could see a need directly. When their friends in Florida and North Carolina lost everything in Hurricane Helene, he didn't take the initiative to check on them. It was only when the wife donated and made plans to help that he came around.

This shows the difference in how people approach helping others. Some are naturally empathetic but need a direct trigger, while others are more proactive in seeking out ways to make a difference. It's a lesson in understanding each other's perspectives and finding a balance.

Story 3: Loan Repayment and Credit History

"Proud Mom" was considering paying off her daughter's college loans to help her develop a credit history. She wondered if paying them off all at once or gradually would be better. Ilyce explained that every credit account adds to the credit history, and payment history is crucial.

Student loans are one part of the credit equation, and paying them off after graduation can have a positive impact. But for a new credit user, it might not have a significant boost immediately. Teaching the daughter to monitor her credit through the credit reporting agencies is also important.