My Daughter and Son-in-Law Just Bought a Brand New Car. How They Paid for It Is a Betrayal.
A grandmother expresses her outrage after discovering that her daughter and son-in-law used a $50,000 gift intended for their child's college fund to buy a new car. The daughter justified the decision by stating that a kid-friendly vehicle was more immediately useful than saving for future education expenses. The grandmother is left feeling betrayed and uncertain about how to address the situation without jeopardizing her relationship with her family.
- ▪The grandmother gifted $50,000 for her grandchild's college fund.
- ▪The daughter used the money to purchase a new car instead of saving it for education.
- ▪The grandmother is considering how to address her disappointment without risking her relationship with her daughter.
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Pay Dirt My Daughter and Son-in-Law Just Bought a Brand New Car. How They Paid for It Is a Betrayal. Advice by Kristin Wong June 03, 20266:00 AM Photo illustration by Slate. Photo by Getty Images Plus. Copy Link Share Share Comment Copy Link Share Share Comment Pay Dirt is Slate’s money advice column. Have a question? Send it to Kristin and Ilyce here. (It’s anonymous!) Dear Pay Dirt, Six months ago, my daughter and son-in-law had our first grandchild, “Roland.” Last month, they acquired a new car. When I asked my daughter how they were able to afford it, their answer floored me. When Roland was born, my husband and I gifted them $50,000 for Roland’s college fund.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Slate.
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