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Money and Finances
Reply to "How much $$ are the Grooms parents expected to contribute to wedding costs?"
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[quote=Anonymous][quote=Anonymous]We know many [b]muddle[/b] class, single income SouthAsian families who blew up their retirement to make kids happy or to impress immigrant community assuming children would help them in old age and were very disappointed when kids couldn't or wouldn't. [/quote] I have not heard of even one such "muddle" class family. They must really be muddled. In my Indian-American Hindu community, there are many adult children who are paring down their weddings because they insist on paying for it themselves, instead of their parents paying for it. Also, when Indian-Americans marry other Americans, they may decide to go very low key and use their money to buy a house. But, South Asians are from multiple countries. So, maybe there are muddled people from other countries. I also have not heard of a single Indian-American family where they depended on their children to take care of their retirement. Mainly because these people were not the usual poor parents living in villages of India. Most of them who have come to US are professional people in STEM fields and have always earned a lot. Indian-Americans are the richest group in the US and their average HHI is highest in the country. So, the statement that they will depend on their children to take care of them in their retirement is laughable. These are rich and highly educated immigrants. Also, thankfully, there is no pressure to show-off in their immigrant community in the US for Indian-American parents. [/quote]
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