No. However if you’re the type of person to ask in this question, you should be invested in a target date fund. As part of the way they attempt to hedge for retirement, the include exposure to international funds and bonds.

I feel like they need to break this down by age a lot more than they do.

In today’s day and age, it’s perfectly normal for a parent to offer significant financial support to their 20 year old child. While adulthood technically begins at 18, society is structured in a way that encourages some form of education/training through the rest of our teens and early twenties. A lot of this time adults in that situation will be setting themselves up for success, but not in a position where they currently have meaningful income. Parents helping out enables them to lay the groundwork for being independent later on in life.

On the flipside a 30 year old receiving relying on their parents is a wtf moment 9/10.

Another consideration is independent adults moving in with their parents for the purpose of acting as a caregiver. While that’s a problem for society, it’s a completely different problem than adults needing parental contributions to survive.

This sub is Musk spam.

Honestly I have a lot of sympathy for these people.

It’s one thing to invest in some moonshot crypto. It’s another to invest in something claiming to be FDIC insured. There’s also not a good way of verifying that information to the extent the victims would have needed to know something was amiss.

It seems like the FDIC was asleep at the wheel, and didn’t really know or give a shit that someone was leveraging them to mislead consumers. Instead of actually fixing the problem, they just washed their hands of it.

You can call Trump the devil all you want, but the system was broken long before he came on the scene.