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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It must be a cultural thing. As an Asian male, I pay off my parents' mortgage and set aside half of my net worth, $500K, in a separate account for them before getting married. I earn $500K per year, and my DW makes $100K. If she were to tell me that I am not allowed to help my parents, that would not sit well with me. I wouldn't be where I am today without my parents.

Similarly, I treat my DH's parents exactly the same way I treat mine. If they need their mortgage paid off, I would be glad to do it.[/quote]

You're a troll. I don't know of any Asian who does this. I am Japanese. In my culture, respect for elders is paramount. But no one is setting aside half their fortunes for their parents. My father helped pay for his parents expenses at their nursing homes, I will help pay for my parents' expenses when they reach a certain level of dependence and if their funds are insufficient. This is reasonable, because it's hard to plan for inflation and rising costs of eldercare, for any generation. But normal living and housing expenses while they're still active? I know of NO Asian who does this, either of my parents' generation, or mine. I know Japanese, Korean, Malaysian and Indian families.

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Asian American here. PP must have gotten married late and he chose to take care of his parents before getting married.

I am a child of immigrants. DH is a child of immigrants. In our circles, many adult children help out their parents financially. We fully support my parents and we supplement my in laws. We do this because we have a seven figure income and can afford to do so. We paid off both my parents and my in law’s houses. We used to give them money for the mortgage. We have the deed for my parents’ house. MIL lives in a paid off house, gets social security and pension. DH and his brother give her money for allowance. They recently bought her a car and split the costs. Both Dh and BIL do well financially.[/quote]

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