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Reply to "Family in a financial mess"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] That kind of sounds like "I got mine, F-you". You are free to feel that way, but don't try to spin it as concern for anyone's well-being except your own. [/quote] I expected this reaction on this board when I wrote my post. Think of it this way: There are four adults. Between them, there is a negative savings rate. Yet, they are facing upcoming major life expenditures like retirement, starting new households, and possibly starting new families. It is not unreasonable for the OP to decide that spending $8k at this time feels imprudent, particularly since s/he knows that there will likely be future expenses looking after the parents. Thus my analogy to the way that obligation can drown everyone. If one or two adult children in this family can get ahead, they have a chance of surviving financially or even thriving enough to help their other family members. If they live in a way that is financially perilous, then everyone is at risk in this scenario. [/quote]
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