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Adult Children
Reply to "Why is it taboo for adult children to leech off their parents, but not for parents to leech off their adult children?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You sound like a spoiled 18-24 year old asking this. Stats show Parents spend approx. $300,000 raising a child until age 18, plus tons more if they pay for college. That is enough. For this, an adult child should then return the gift and help care for a parent for the last 5-10 years of their life when they become frail and need care. That’s the circle of life. An adult age 22ish- age 60 shouldn’t need help or be leeching off anyone. [/quote] This. Parents spend money on their kids that they could have used to save for retirement, so they have less savings at retirement than if they didn't have kids. Or they could have used the money spent on kids to take great vacations. [b]Point is, they sacrificed one way or another.[/b] "The kids didn't ask to be born" is a cop-out. If you asked any of these kids I'm certain they'd all say they're glad to be alive. They're also glad their parents put a roof over their heads and fed them. [/quote] If you don't want to make sacrifices your kids, don't have any![/quote] +100 I have 3 kids. We sacrifice constantly so they can go to nice camps, play travel sports, etc. I drive a non-fancy minivan. And guess what. They are not my retirement plan. DH and I have been aggressively socking away money since our 20s to retire some day. When we met we both had < 6 figure jobs. We had roommates. We still saved as much as we could. Now I’m a fed with a TSP that is growing and will someday get a FERS pension. I have chosen this job in part for the pension + healthcare into retirement. Our kids are not our retirement plan. No way do we want them to have to bail us out for our poor planning while they’re busy trying to raise families of their own. I’ve seen how much stress this causes friends of mine whose parents saved nothing (I’m early 40s now) whereas DH and I have been blessed with parents who can support themselves in retirement. Only a narcissist would bring children into the world with the expectation that those children owe them anything. [/quote]
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