Reply to If parents expect repayment from their adult children, how are they any different from a business?

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Reply to "If parents expect repayment from their adult children, how are they any different from a business?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We estimate it took us about $275,000 to raise each of our kids. It's perfectly natural to ask them to pay back some of that money once they have good-earning jobs. I finally would also like to drive a nice car.[/quote]

Thanks for the laugh!!!

Your kids didn’t ask to be born.  They owe you nothing![/quote]

In many cultures children are expected to sacrifice and support their parents in old age. So asking them for a nice car or vacation once in a while is actually quite modest when compared to moving in them so they can take care of you![/quote]

I am living in an Asian country currently and just found out many parents expect to receive an allowance of around 10% of their adult kids’ earnings.  The oldest child is expected to have them move in with them eventually.

It made me really appreciate my parents.[/quote]

I think its culture and system set up. May be our parents would've done the same if required to survive in that system and culture. If income is limited, mortgage,social security or student aid not available then you can't provide elderly parents and kids, good life AND save for your own old age. People have to settle for paying it forward. I see that in many families here in US as well. [/quote]

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