Intergenerational Support: Bridging Financial Gaps Across Generations
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18 August 2026. 7pm AEST - Our first LIVESTREAM event! Join us at Hope Media's Facebook, Youtube or Instagram for insights and take-aways about what do we invest in now. Your favourite accountant Pete Burrows and co-host Ben McEachen will be joined by investment expert Joe Youssef to guide us through recent changes, starting out, experienced decision-making AND what God's word says about investment.
Looking forward to you being part of the live Money: Faith and Finance fun. Get your questions and comments in early here.
Key Takeaways:
- Intergenerational Support: Families are encouraged to explore the potential of intergenerational support, which doesn't solely rely on financial help but also includes time, skills, and resources.
- Open Communication: Pete emphasizes the importance of early and open conversations among family members about financial and logistical help, breaking the paradigm of having these discussions as reactive rather than proactive.
- Cultural Shifts: There is a significant cultural element to support strategies, with differences between traditional Anglo-Australian mindsets and those of other cultures that embrace family collectivism more readily.
- Housing and Living Costs: Rising living costs are affecting the ability of younger generations to live independently, prompting a need for families to revisit living arrangements and financial aid strategies.
- Financial Planning: Pete highlights the necessity of integrating potential parental or grandparental help into long-term financial planning, ensuring realistic expectations and strategic resource allocation.
Notable Quotes:
- "I think if they can, it would be great." - Pete Burrows on whether parents should help their children financially.
- "Most families will need help when they're running a family because they may not be working." - Pete Burrows discussing the importance of support during family-building years.
- "It's expensive to move out, man. They don't want to move out." - Pete's take on the challenges young adults face in achieving independent living.
- "We have a heart where, of course, you want to help your kids." - Pete articulates the natural inclination of parents to support their children.
- "Don't limit what you think your ability to give is." - Pete urging not only monetary but varied forms of giving within families.
Resources:
Jenna Price (Nine News) - The Joys of Being a Grandparent
Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
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