buying your kid a new mercedes or 05 mustang isn't helping out. that's spoiling them rotten. my first car was a hand me down from my mom. sure, she was helping out. it was a 98 mustang v6. nothing special at all. then she gave me 1500 for a down payment on my 04 GT. the other 8500 i put down was mine. that's helping out.
I think it's nice that parents share with their kids and help them out. That's what my parents did for me and I turned out OK.
However, I don't think it's a good idea to hand young people anything.
It's just not a good life lesson and they won't learn the values and morals they will need later in life.
Working for it is another story.
"help" depends on your perspective dude.
If the parents were multi-millionaires, the 100k isn't any different to them than my father buying me a 5k ride when I was 17.
My original statement that it isn't a good idea to hand
anything to a kid stands