Ethan, a 27-year-old American, still lives with his parents even though he has graduated from college and is unemployed. He suffers from “social anxiety,” cutting off all relationships with the outside world, spending most of his time in his room, playing games, and sleeping. This disappoints and worries Ethan’s parents.
According to Dr. Jeffrey Bernstein, a psychologist, three common reasons why adults fail in life are:
Perfectionism and fear of failure

Adults who struggle with the transition into adulthood may fear failure to the point of avoiding any risks or making decisions. Many parents have high expectations for their children, wanting them to be perfect. This pressure paralyzes children, preventing them from taking the necessary steps toward independence. Not only parents, but society can also impose this pressure on children.
The fear of failure prevents children from learning the two most important life skills: Calmness and Problem-solving. These are vital life skills because when you can regulate your emotions and start finding ways to solve problems, you can let go of the need for perfectionism and fear of making mistakes.
Overprotective parents

Some parents intervene in their children’s lives, making decisions and shielding them from challenges even when they are adults. This hinders the development of essential life skills. In adulthood, children must face challenges in the real world, and without the ability to bounce back and problem-solve, they will struggle.
Typical statements from overprotective parents include: “I’ll only help you this one time” (but then they add many more “this time” instances), “I think you should do this,” “Dad is disappointed with your choice but still wants you to do this, don’t fail again.”
Lack of financial knowledge

Many young people lack basic knowledge of budgeting, saving, investing, or managing money. These are important skills that, if lacking, will make it difficult for them to handle finances effectively, leading to dependency on their parents.
If one does not have good financial health, they cannot have good mental health. Financial health is not about wealth but knowing the value of money.
Former German Chancellor Angela Merkel stated, “Financial education is a mandatory course in life and is the focus of the education of children, just as money is the focus of the family.”
It is best for parents to teach their children about money from an early age. When children know how to spend money, they will be more adept at controlling their lives and reaping lifelong benefits from it.
Why are children shy and lack confidence? Methods to help children become more confident in life.
When parents see their children being shy and unable to express themselves, they often compare them with their peers. Although this is done with the intention of motivating the child to change, it can actually have a negative effect. Therefore, if you want your child to excel, what you need to do is identify the reasons behind their shyness and lack of confidence, and then find methods to help them become more confident in life.