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Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What are people who don’t make enough to live supposed to do? It’s a privilege to save for retirement. It really is.[/quote] Asian American here. I was a child of immigrants. DH and I support my parents and his mom. We know many adult Asian Americans supporting their elderly parents. It is actually quite common.[/quote] I know. I wish more people would do that. We see the Asian families shopping and they are almost always three generations. It helps the elder to be healthier and happier. [/quote] I think this depends on the younger people having enough money to do this, though. I worry about my parents and especially my disabled adult sibling who lives with them, in a very small town with few jobs hundreds of miles from DC. We bought our current home thinking it would be a starter house, so we definitely weren't planning for an "aging in place" setup. We don't have a shower on the first floor, 3 beds and only the tiniest one with no closet on the first floor. We really definitely can't fit 3 more adults who all have their own larger bedrooms in their big rural home. But we also can't just quit our jobs and go live with them. I do worry about this. They're not interested in moving or downsizing. We can't afford a huge house or early retirement to go move to their small town where we only know them. So what's the strategy here? [/quote]
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