How much money should a 30-year-old male be sending his parents per week?

[Anonymous]

Anonymous wrote:Troll post level 2.

Specified a gender. But, didn't specify a culture, which would at least provide context.
Specified money "per week." Why per week?
Specified an age, which has nothing to do with anything.

Ridiculous. Thank you all for playing.

DP. I live in an area with a lot of immigrants who send money to their families regularly, even weekly. Check your privilege, pp.

[Anonymous]

Anonymous wrote:Very few people, boomers included, have pensions. The only people I know that have them worked for the government (including military), or are teachers, police or firefighters. Everyone else only had 401ks. There will be a lot of elderly needing assistance as a result.

Everyone still has social security... 401ks aren't the only thing. Plus, most of us with pensions had to put into them, it's not like they were just free. Instead of putting into a pension, people were expected to pay into a 401k

[Anonymous]

DH and I are Asian immigrants and we came from well-off families so we did not have to bankroll them. However, I bought a flat in the same building where my brother lives, so that my parents could live there rent-free and my brother could look after them. As a result, they did not have to sell their own huge house and they were able to rent it out for $$$. It made them quite wealthy. My brother has had some financial difficulties but does not take any monetary gift from us unless we beg him to or force him to.

My dad passed away and my mom wants to sell off her house while she is still alive. We all have a share in the house and the money that will come to all of us will be enough for my brother to become financially comfortable. So, my one act of buying a flat/apartment for my parents to live in helped to preserve family house and generated enough wealth that 20 years down the line we all will benefit from it.

Incidently, my brother recently sold off the flat that I had bought for double of what we had paid and with that money, we helped my brother to pay off the mortgage of his own house, + we still have quite a bit left for other costs down the line. My mom remains a wealthy person in property and cash.

To send money to parents so that they can live well, so that your younger siblings can get educated, so that you make some property for security or income generation, helps to life out the entire family from poverty. There is nothing wrong in setting family and relatives to succeed. Rising tide should raise everyone.

[Anonymous]

Zero.

Unless the parents are impoverished and can't afford food.

[Anonymous]

This is a cultural thing, OP. It would help if you describe the culture.

[Anonymous]

Anonymous wrote:DH and I are Asian immigrants and we came from well-off families so we did not have to bankroll them. However, I bought a flat in the same building where my brother lives, so that my parents could live there rent-free and my brother could look after them. As a result, they did not have to sell their own huge house and they were able to rent it out for $$$. It made them quite wealthy. My brother has had some financial difficulties but does not take any monetary gift from us unless we beg him to or force him to.

My dad passed away and my mom wants to sell off her house while she is still alive. We all have a share in the house and the money that will come to all of us will be enough for my brother to become financially comfortable. So, my one act of buying a flat/apartment for my parents to live in helped to preserve family house and generated enough wealth that 20 years down the line we all will benefit from it.

Incidentally, my brother recently sold off the flat that I had bought for double of what we had paid and with that money, we helped my brother to pay off the mortgage of his own house, + we still have quite a bit left for other costs down the line. My mom remains a wealthy person in property and cash.

To send money to parents so that they can live well, so that your younger siblings can get educated, so that you make some property for security or income generation - helps to lift out the entire family from poverty. There is nothing wrong in setting family and relatives to succeed. Rising tide should raise everyone.

I wanted to add that my parents lived frugally for their income so they could educate us, get us married and retire comfortably. We also live frugally for our income and have provided for the entire college cost for our two kids. We will pay for their marriage, their first new car and the seed money for their life when they are launched. We have also saved for our retirement. My kids are aware that we will help them monetarily but they are also frugal, They have worked hard so that their college cost has been minimal due to merit scholarships etc. We also expect them to help each other and our relatives (which-ever family them marry into) so that everyone has the education to become self-sufficient and be able to contribute to help each other.

I am always impressed when I see people sending money home because they want a better life for their family. It takes a lot of things to go right for a family to produce the child who wants to contribute like this. It also takes a lot of things to go right for the family to use the help money to better their situation and come out of their tough times.

[Anonymous]

Anonymous wrote:DH and I are Asian immigrants and we came from well-off families so we did not have to bankroll them. However, I bought a flat in the same building where my brother lives, so that my parents could live there rent-free and my brother could look after them. As a result, they did not have to sell their own huge house and they were able to rent it out for $$$. It made them quite wealthy. My brother has had some financial difficulties but does not take any monetary gift from us unless we beg him to or force him to.

My dad passed away and my mom wants to sell off her house while she is still alive. We all have a share in the house and the money that will come to all of us will be enough for my brother to become financially comfortable. So, my one act of buying a flat/apartment for my parents to live in helped to preserve family house and generated enough wealth that 20 years down the line we all will benefit from it.

Incidently, my brother recently sold off the flat that I had bought for double of what we had paid and with that money, we helped my brother to pay off the mortgage of his own house, + we still have quite a bit left for other costs down the line. My mom remains a wealthy person in property and cash.

To send money to parents so that they can live well, so that your younger siblings can get educated, so that you make some property for security or income generation, helps to life out the entire family from poverty. There is nothing wrong in setting family and relatives to succeed. Rising tide should raise everyone.

A great example of unselfishness and how it would behoove everyone to work together AS A FAMILY like this. Our society would be much better off than the way most people think and live their lives. Good for you PP

[Anonymous]

Anonymous wrote:DH and I are Asian immigrants and we came from well-off families so we did not have to bankroll them. However, I bought a flat in the same building where my brother lives, so that my parents could live there rent-free and my brother could look after them. As a result, they did not have to sell their own huge house and they were able to rent it out for $$$. It made them quite wealthy. My brother has had some financial difficulties but does not take any monetary gift from us unless we beg him to or force him to.

My dad passed away and my mom wants to sell off her house while she is still alive. We all have a share in the house and the money that will come to all of us will be enough for my brother to become financially comfortable. So, my one act of buying a flat/apartment for my parents to live in helped to preserve family house and generated enough wealth that 20 years down the line we all will benefit from it.

Incidently, my brother recently sold off the flat that I had bought for double of what we had paid and with that money, we helped my brother to pay off the mortgage of his own house, + we still have quite a bit left for other costs down the line. My mom remains a wealthy person in property and cash.

To send money to parents so that they can live well, so that your younger siblings can get educated, so that you make some property for security or income generation, helps to life out the entire family from poverty. There is nothing wrong in setting family and relatives to succeed. Rising tide should raise everyone.

There’s a big difference between rising someone out of poverty and tax evasion so that everybody can be rich. Shouldn’t you have paid the taxes on the sale of that apartment? Wasn’t that your income?

[Anonymous]

Anonymous wrote:DH and I are Asian immigrants and we came from well-off families so we did not have to bankroll them. However, I bought a flat in the same building where my brother lives, so that my parents could live there rent-free and my brother could look after them. As a result, they did not have to sell their own huge house and they were able to rent it out for $$$. It made them quite wealthy. My brother has had some financial difficulties but does not take any monetary gift from us unless we beg him to or force him to.

My dad passed away and my mom wants to sell off her house while she is still alive. We all have a share in the house and the money that will come to all of us will be enough for my brother to become financially comfortable. So, my one act of buying a flat/apartment for my parents to live in helped to preserve family house and generated enough wealth that 20 years down the line we all will benefit from it.

Incidently, my brother recently sold off the flat that I had bought for double of what we had paid and with that money, we helped my brother to pay off the mortgage of his own house, + we still have quite a bit left for other costs down the line. My mom remains a wealthy person in property and cash.

To send money to parents so that they can live well, so that your younger siblings can get educated, so that you make some property for security or income generation, helps to life out the entire family from poverty. There is nothing wrong in setting family and relatives to succeed. Rising tide should raise everyone.

My husband is Vietnamese and his family works the same way. It's so nice. I come from a dysfunctional European family where people sue each other instead!

[Anonymous]

-$615

[Anonymous]

My husband is not an immigrant. His mother fell on hard times and for a while when he was in his 30s he sent her $500/month for years. We could afford it and it was fine. She is now in a nursing home on Medicaid funding, though. $500/month is one thing, but paying for care that would have let her stay in her home longer or move in with one of her children was more than we could do.

[Anonymous]

Anonymous wrote:If you're a male over 30, how much money did you send your parents each week when you were 30? If you have a son over 30, how much did they send you each week?

Can you give more context to the story?

[Anonymous]

Anonymous wrote:Very few people, boomers included, have pensions. The only people I know that have them worked for the government (including military), or are teachers, police or firefighters. Everyone else only had 401ks. There will be a lot of elderly needing assistance as a result.

My parents are at the older end of boomers (born in '46 and '48) and receive pensions from working at Kaiser health care. They didn't even work there that long; my dad about 15 years as a physician and my mom about 10 years doing office work (something about enrolling medi-care patients.)

[Anonymous]

Well at 30 some people's parents would still be pretty young. Like young enough to be working - at least one of the parents. So unless the parents are impoverished - like really impoverished not just I can't get all the things I want impoverished, I would think $0

Maybe in 10 or 20 years, I could understand that it might start the era of having to support a parents.

[Anonymous]

Some Republicans are trying to end Social Security and if they succeed, people will need to support the olds financially because for many that's all they have.