Intergenerational Support: Bridging Financial Gaps Across Generations
from Money: Faith & Finance Hosted by Hope 103.2
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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