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

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am immigrant. I have White friends who will pay $$ for their elderly parents rent. In their shoes, with the friend's income and the huge homes that they live in, I always wonder why not let your parents live with you?

That way you save your money and they save their money. You are already trying to bail them out and their situation is only deteriorating? Very soon you will be trying to take care of their failing health and put yourself under the immense stress.

Because we live in a society where adults who live with their parents are looked down upon and seen as lazy and unmotivated. Sad but true.

This is one of the reasons why so many young people have so much debt.  I lived at home with my parents until I was 31 years old and saved up 90% of my 140K/year salary.  I drove the same car for nine years that my parents bought for me as a present after college graduation.  I didn't have to pay for rent, food.  I used 10% of my income on car insurance, phone bills, and  two weeks vacation every year to travel to Europe, Asia, or South America.  I put 90% of my salary into high growth investments.  By the time I turned 31 and got married, I had over 2.5M in cash from the money that I invested.  When I met my gf, now my wife, at the age of 29, I explained to her the reason I lived at home, to invest in our future together.  Two days after we got married, I wrote a 200K check to pay off my wife's student loan debt and bought a 400K condo for her parents. 

There is no freedom unless you have financial freedom.

VERY VERY FEW men would so something like this in the year of 2022.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am immigrant. I have White friends who will pay $$ for their elderly parents rent. In their shoes, with the friend's income and the huge homes that they live in, I always wonder why not let your parents live with you?

That way you save your money and they save their money. You are already trying to bail them out and their situation is only deteriorating? Very soon you will be trying to take care of their failing health and put yourself under the immense stress.

Because we live in a society where adults who live with their parents are looked down upon and seen as lazy and unmotivated. Sad but true.

This is one of the reasons why so many young people have so much debt.  I lived at home with my parents until I was 31 years old and saved up 90% of my 140K/year salary.  I drove the same car for nine years that my parents bought for me as a present after college graduation.  I didn't have to pay for rent, food.  I used 10% of my income on car insurance, phone bills, and  two weeks vacation every year to travel to Europe, Asia, or South America.  I put 90% of my salary into high growth investments.  By the time I turned 31 and got married, I had over 2.5M in cash from the money that I invested.  When I met my gf, now my wife, at the age of 29, I explained to her the reason I lived at home, to invest in our future together.  Two days after we got married, I wrote a 200K check to pay off my wife's student loan debt and bought a 400K condo for her parents. 

There is no freedom unless you have financial freedom.

VERY VERY FEW men would so something like this in the year of 2022.

It seems you didn't pick an equally successful partner. What did you do for your own parents?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am immigrant. I have White friends who will pay $$ for their elderly parents rent. In their shoes, with the friend's income and the huge homes that they live in, I always wonder why not let your parents live with you?

That way you save your money and they save their money. You are already trying to bail them out and their situation is only deteriorating? Very soon you will be trying to take care of their failing health and put yourself under the immense stress.

Because we live in a society where adults who live with their parents are looked down upon and seen as lazy and unmotivated. Sad but true.

This is one of the reasons why so many young people have so much debt.  I lived at home with my parents until I was 31 years old and saved up 90% of my 140K/year salary.  I drove the same car for nine years that my parents bought for me as a present after college graduation.  I didn't have to pay for rent, food.  I used 10% of my income on car insurance, phone bills, and  two weeks vacation every year to travel to Europe, Asia, or South America.  I put 90% of my salary into high growth investments.  By the time I turned 31 and got married, I had over 2.5M in cash from the money that I invested.  When I met my gf, now my wife, at the age of 29, I explained to her the reason I lived at home, to invest in our future together.  Two days after we got married, I wrote a 200K check to pay off my wife's student loan debt and bought a 400K condo for her parents. 

A woman can and should pay off her own debt and help her parents. She shouldn't need a sugar daddy.

There is no freedom unless you have financial freedom.

VERY VERY FEW men would so something like this in the year of 2022.

[Anonymous]

A woman can pay off her own debt and help her parents herself. She shouldn't need a sugar daddy shinning knight to save her.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boomers have pensions, social security, and everything else they have robbed from us. Zero.

Actually, we were the first generation to be paying into the system from the start of our work years, funding our elders who never had put into the system that did not yet exist. But at least Boomers respect their elders.

This is incorrect. Members of the Silent Generation have been contributing to Social Security since they entered the workforce.

[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.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am immigrant. I have White friends who will pay $$ for their elderly parents rent. In their shoes, with the friend's income and the huge homes that they live in, I always wonder why not let your parents live with you?

That way you save your money and they save their money. You are already trying to bail them out and their situation is only deteriorating? Very soon you will be trying to take care of their failing health and put yourself under the immense stress.

Because we live in a society where adults who live with their parents are looked down upon and seen as lazy and unmotivated. Sad but true.

This is one of the reasons why so many young people have so much debt.  I lived at home with my parents until I was 31 years old and saved up 90% of my 140K/year salary.  I drove the same car for nine years that my parents bought for me as a present after college graduation.  I didn't have to pay for rent, food.  I used 10% of my income on car insurance, phone bills, and  two weeks vacation every year to travel to Europe, Asia, or South America.  I put 90% of my salary into high growth investments.  By the time I turned 31 and got married, I had over 2.5M in cash from the money that I invested.  When I met my gf, now my wife, at the age of 29, I explained to her the reason I lived at home, to invest in our future together.  Two days after we got married, I wrote a 200K check to pay off my wife's student loan debt and bought a 400K condo for her parents. 

There is no freedom unless you have financial freedom.

VERY VERY FEW men would so something like this in the year of 2022.

It seems you didn't pick an equally successful partner. What did you do for your own parents?

My parents are wealthy enough so they do not need any assistance from me. They will probably leave my brother, sister and I about 30M in inheritance. My wife has so many qualities that money can not buy. There is more to life than just money. Besides, I already have money so I don't need to marry a spouse with money. It was my own mother's idea to pay off my wife's student loan and purchase a condo for my in-law.  I would treat my in-law as if they are my own parents.

[Anonymous]

Anonymous wrote:

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?

It really depends. Likely $0, unless it was an amazing, hard working parent who fell on tough times due to cancer or something.

Lol what a bizarre means test.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boomers have pensions, social security, and everything else they have robbed from us. Zero.

Actually, we were the first generation to be paying into the system from the start of our work years, funding our elders who never had put into the system that did not yet exist. But at least Boomers respect their elders.

This is incorrect. Members of the Silent Generation have been contributing to Social Security since they entered the workforce.

Maybe PP is in her 80s.

[Anonymous]

This thread went pretty much exactly how I expected it would when I opened it.

First commenters completely nonplussed, even offended.

Next commenters coming in, noting brown immigrants exist. Huge swath of DCUM who thought like the first group now mostly shamed into silence.

Conversation becomes about "cultural differences" between US-born and immigrants. Completely missing how common this is among Black families and/or any family where the parents are not near the same economic class as the kids.

A couple of others do make this point, but are mostly ignored, as the conversation devolves into broad generalizations about political parties and various generations, because most of DCUM has nothing to add to any sort of real discussion of class and race that is not UMC-to-wealthy and about 80% white.

[Anonymous]

Anonymous wrote:I think it’s cultural.

I m from Thailand and my parents are wayyyy wall off than me. When I was in Thailand making $20000 - 3000 a month in my 20s, I sent my mom about $3000 a year and pay for everything when we went out or travel together. Yes it exhausting. One time my sister also gave my mom like $30k ( yes in her 20s)
When I came to the USA, I paid for her to fly first class to visit me and back while I only fly coach .

Later we learn that , mom put all these money into an investment properties and gave everything to our younger brother who never gave her a cent. Lol. While expect me to pay for her medical bill Green cards and every living expenses when she lives in the USA. It’s a patriarchy practice.


So now I’m in42, I stop giving her anything. It’s so toxic.

It is a typical behavior. My mother is like this, taking money from me and giving to my younger brother.

[Anonymous]

Most people take care of parents out of love and sense of responsibility, not a burden.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am immigrant. I have White friends who will pay $$ for their elderly parents rent. In their shoes, with the friend's income and the huge homes that they live in, I always wonder why not let your parents live with you?

That way you save your money and they save their money. You are already trying to bail them out and their situation is only deteriorating? Very soon you will be trying to take care of their failing health and put yourself under the immense stress.

Because we live in a society where adults who live with their parents are looked down upon and seen as lazy and unmotivated. Sad but true.

This is one of the reasons why so many young people have so much debt.  I lived at home with my parents until I was 31 years old and saved up 90% of my 140K/year salary.  I drove the same car for nine years that my parents bought for me as a present after college graduation.  I didn't have to pay for rent, food.  I used 10% of my income on car insurance, phone bills, and  two weeks vacation every year to travel to Europe, Asia, or South America.  I put 90% of my salary into high growth investments.  By the time I turned 31 and got married, I had over 2.5M in cash from the money that I invested.  When I met my gf, now my wife, at the age of 29, I explained to her the reason I lived at home, to invest in our future together.  Two days after we got married, I wrote a 200K check to pay off my wife's student loan debt and bought a 400K condo for her parents. 

There is no freedom unless you have financial freedom.

VERY VERY FEW men would so something like this in the year of 2022.

It seems you didn't pick an equally successful partner. What did you do for your own parents?

Huh? I'm single. All I did was acknowledge that very few men want to take care of their partner's family.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am immigrant. I have White friends who will pay $$ for their elderly parents rent. In their shoes, with the friend's income and the huge homes that they live in, I always wonder why not let your parents live with you?

That way you save your money and they save their money. You are already trying to bail them out and their situation is only deteriorating? Very soon you will be trying to take care of their failing health and put yourself under the immense stress.

Because we live in a society where adults who live with their parents are looked down upon and seen as lazy and unmotivated. Sad but true.

This is one of the reasons why so many young people have so much debt.  I lived at home with my parents until I was 31 years old and saved up 90% of my 140K/year salary.  I drove the same car for nine years that my parents bought for me as a present after college graduation.  I didn't have to pay for rent, food.  I used 10% of my income on car insurance, phone bills, and  two weeks vacation every year to travel to Europe, Asia, or South America.  I put 90% of my salary into high growth investments.  By the time I turned 31 and got married, I had over 2.5M in cash from the money that I invested.  When I met my gf, now my wife, at the age of 29, I explained to her the reason I lived at home, to invest in our future together.  Two days after we got married, I wrote a 200K check to pay off my wife's student loan debt and bought a 400K condo for her parents. 

There is no freedom unless you have financial freedom.

VERY VERY FEW men would so something like this in the year of 2022.

It seems you didn't pick an equally successful partner. What did you do for your own parents?

My parents are wealthy enough so they do not need any assistance from me. They will probably leave my brother, sister and I about 30M in inheritance. My wife has so many qualities that money can not buy. There is more to life than just money. Besides, I already have money so I don't need to marry a spouse with money. It was my own mother's idea to pay off my wife's student loan and purchase a condo for my in-law.  I would treat my in-law as if they are my own parents.

Easy to say when you're set to inherit millions.

I also do wonder if this is real... Wealthy people encouraging their son to take care of their inlaw's parents??? Hmmm.

If this story is real.. you and your family have a heart of gold. Bless you!

[Anonymous]

My oldest is 33. I would rather starve then take money from him. He has a family to support. DH and I are adults who made good financial decisions. We don’t need to steal from our children.