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Reply to "Parents out of money at 75"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My mom lives entirely on SS. I thought that was pretty much par for the course. She owns her townhome. I'd pay for a new roof if she needed one. I don't have much money but she raised me entirely by herself. [b]If I can't pay her back, what kind of child am I?[/b][/quote] If you can't pay her back because you don't have the resources, it doesn't change who you are.[b] If you are able and don't, that's a different story.[/b] [/quote] What if you’re like many people and you technically have the money but are financially insecure? Maybe you have a decent salary but you’re a FED and you’re worried about layoffs and unemployment. Sure, you have more than 20K in emergency savings, but what if your own house needs a new roof next year? And you have children whose college funds are nowhere near where they need to be? Most people do not have unlimited discretionary funds. It’s not as easy, as saying if you love your mom you’ll pay whatever she needs. Those same people will criticize you for not having fully funded college and say that you shouldn’t have had children if you couldn’t provide for them. [/quote]
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