Reply to “Family money” becoming more important in dating

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Honestly , the COL is going way up, it’s really hard to buy a house and replicate a UMC lifestyle. The people who can do it while working regular jobs in a big city have family money: cover house down payment, no burdensome student loans, maybe inherit someone’s car etc [/quote]

In this case we aren't talking about serious family money. We are just talking about the kids coming from stable boomer families that saved. [/quote]

I wish I understood this more. I came from a LMC family but my parents would be give me the shirt off their backs. They don’t have much but are willing to help anyway they can. My in-laws are UMC frugal boomers worth millions and we won’t see a cent until they die. If we go to their house and they order Chinese, we have to split the bill with them. [/quote]

That’s called cheap, not frugal.

Retirees should be enjoying their money, not penny pinching their adult children’s families for money, meals out, trips and stuff. So tacky and cheap. It’s like a sport to make other people pay their way.

Pay it forward. [/quote]

[b]I actually think it's an honor and privilege to pay for my parents,[/b] even though they are financially well-off and I am not. They spent over $400,000 on my education, so it’s the least I can do! On the other hand, my in-laws didn’t contribute anything to my spouse’s education, and they take thousands of dollars away each month that could instead go into 529 plans for our children.

Takeaway - if your parents aren't a burden to your spouse or children, then consider yourself a winner.

[/quote]

What does your spouse think?

Do your parents thank you BOTH (or only you?), when you whip out your CC to pay for them?

Do you also pay for the same sorts of things for your in law parents? More or less? Do they thank you both (or only you?)

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