Look, I understand that adult children will have to financially support their parents eventually, but...

[Anonymous]

Anonymous wrote:

Anonymous wrote:I've only seen this done in Asian households.

Most of my Asian and East Asian friends support their parents. It's part of their culture to give back support for all the support the parents provided over the years.

Most of Asian parents are against kids doing part side jobs or taking any loans and pay for everything until kids find professional jobs which drains their savings, specially donut holes one sending kids to expensive colleges without financial aid.

Asian-American here - I'm sure this depends on where you're from (e.g. Asian-American vs Asian immigrant/rich suburbs vs. inner city), but all of my older family members are much wealthier than their children. Same goes with my friends. Nobody I know is supporting their parents. I have a few friends who live very close to their parents, one friend whose in-laws live with her, but there is no financial support.

[Anonymous]

Also Asian-American and am very grateful that my parents’ lifetime of frugality plus financial instincts left them in good shape. They would be horrified to think of depending on their kids later in life. Only recently have I realized that not all parents are like this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I just don't understand why it has to happen before the adult child is 35. What's the rush?

Well, if I am going to make my kids support me...why wait until I am old? Might as well hit them up for luxury European vacations and other luxuries why I am still young enough to enjoy it.

Alas, if my kid becomes a centa-millionaire+...well, I might hope they will bestow some generosity.

Because patience is a virtue. Like I said, what's the rush?

[Anonymous]

We have given in-laws money, when we were in our early 30s. It's been a source of stress ebbing and flowing for us since. Dh had no idea they were doing so poorly. It's all due to bad decisions and overspending. It's affected how we spend and not always for the best (too conservative with money) because we never ever want to put our kids in this crappy position.

[Anonymous]

Anonymous wrote:We have given in-laws money, when we were in our early 30s. It's been a source of stress ebbing and flowing for us since. Dh had no idea they were doing so poorly. It's all due to bad decisions and overspending. It's affected how we spend and not always for the best (too conservative with money) because we never ever want to put our kids in this crappy position.

Would it have killed you to wait until 35?

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have given in-laws money, when we were in our early 30s. It's been a source of stress ebbing and flowing for us since. Dh had no idea they were doing so poorly. It's all due to bad decisions and overspending. It's affected how we spend and not always for the best (too conservative with money) because we never ever want to put our kids in this crappy position.

Would it have killed you to wait until 35?

They probably didn't realize it was so important to you, OP.