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

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[quote=Anonymous][quote=Anonymous]Sigh, I'm sorry OP. My father was terrible with money. Not in terms of spending, but just didn't understand how to save and despite my mom's efforts, she's left with very little for retirement, in a large part because they also spent a ton on my sister's SN over the years, which meant constantly dipping into savings. I hope she lives for decades longer, and if that means she needs financial support at the end, then so be it. It's frustrating because the boomers had the best economy for growing wealth, and she could be in such a better position now if he/they were savvier. I'm starting to have a lot more hard conversations with her about how she needs to stop being so generous because she needs a cushion in addition to her retirement and SS (particularly because she'll likely end up in the DMV with us, so her money won't go as far).

But barring unexpected medical or other issues, it seems irresponsible for your parents to need financial support from their young adults. That's when you should be focusing on establishing yourself and they should still be working. What are the circumstances that led to them needing financial support so young, OP?
[/quote]

This has nothing to do with me. I just don't like the idea of my peers financially supporting their parents, but not me.[/quote]

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