What percent of people do you know weren't financially supporting their parents before they turned 40?

[Anonymous]

Anonymous wrote:I know one person in their 40s, white family, not immigrants.

I take that back—2 white people in their 40s.

[Anonymous]

No one.

[Anonymous]

0% it only works the other way around with people I know, parents occasionally helping out adult children.

[Anonymous]

None. It’s the other way around. I have an Indian friend who was shocked that parents and grandparents gave their kids money and said it was totally the opposite in Indian culture. But he’s the only person who told me that.

[Anonymous]

Anonymous wrote:It seems to be pretty common on here for adult children in their 30s, and even mid-to-late 20s to be giving financial help to their parents.

I don't know anyone that supports their parents. Supporting adult kids ? Yes. Siblings ? Yes. Even grand children.

[Anonymous]

I think non-immigrants are more likely to keep it secret. It's embarrassing if your parents can't manage their money and support themselves.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t know anyone who supports their parents and I have a pretty large circle.

You have a large circle of rich friends.

Yes I know several people. I’d say at least 1/4 of my peers have financial help going to parents in some fashion. Most of them are white Americans.

How so? Wouldn't it be the opposite?

[Anonymous]

Anonymous wrote:It seems to be pretty common on here for adult children in their 30s, and even mid-to-late 20s to be giving financial help to their parents.

I am 54, and am not supporting my parents. No one in my circle of friends are supporting parents financially, just emotionally and physically as they are aging and need the support

[Anonymous]

My daughter is a surgeon and she is married to a dentist.

I would rather live in a cardboard box than ask her for financial support. No way would I accept that. I am the parent and she’s the “child.”

[Anonymous]

I’m 50 and in all my life have never known anyone to support their parents financially. Some help their parents as a caretaker due to health issues but not in financial ways. However, I know a lot of people who were still getting financial help from parents in their 30s and 40s. Sometimes it’s buying a house and other times it’s paying for private school.

[Anonymous]

Anonymous wrote:Literally of everyone I know only the foreign ones support their parents. Seriously.

I don't know any American born peers who support their American parents.

I have a few friends who are - they are African American. Studies show time and time again that there is not the same asset accumulation due to various programs designed to benefit/exclude Black participation.

[Anonymous]

Anonymous wrote:I’m 50 and in all my life have never known anyone to support their parents financially. Some help their parents as a caretaker due to health issues but not in financial ways. However, I know a lot of people who were still getting financial help from parents in their 30s and 40s. Sometimes it’s buying a house and other times it’s paying for private school.

Ugh, that's just pathetic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m 50 and in all my life have never known anyone to support their parents financially. Some help their parents as a caretaker due to health issues but not in financial ways. However, I know a lot of people who were still getting financial help from parents in their 30s and 40s. Sometimes it’s buying a house and other times it’s paying for private school.

Ugh, that's just pathetic.

+1

If I knew people who were supported by their aging parents, after a certain age (probably about age 30), I would not look at them the same as if they were not supported by their aging parents. Once you become an adult, you have to do for yourself. If you can't afford the new car, new kitchen, private schools, etc. - then you do without. That is what a grown up is about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m 50 and in all my life have never known anyone to support their parents financially. Some help their parents as a caretaker due to health issues but not in financial ways. However, I know a lot of people who were still getting financial help from parents in their 30s and 40s. Sometimes it’s buying a house and other times it’s paying for private school.

Ugh, that's just pathetic.

+1

If I knew people who were supported by their aging parents, after a certain age (probably about age 30), I would not look at them the same as if they were not supported by their aging parents. Once you become an adult, you have to do for yourself. If you can't afford the new car, new kitchen, private schools, etc. - then you do without. That is what a grown up is about.

We have close friends who receive support from DH's parents. Both worked in demanding professional jobs for a number of years. She now works from home and he is on a fellowship at an agency. They are pretty modest with their spending and are genuinely generous with their time and money. Somehow it doesn't bother me as it might with other folks who were more flagrant with and less honest about their resources.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m 50 and in all my life have never known anyone to support their parents financially. Some help their parents as a caretaker due to health issues but not in financial ways. However, I know a lot of people who were still getting financial help from parents in their 30s and 40s. Sometimes it’s buying a house and other times it’s paying for private school.

Ugh, that's just pathetic.

Lol. Tell that to what is at least 50% of the parents at my kid’s private school.