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Money and Finances
Reply to "Applying for food stamps, Medicaid, etc."
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[quote=Anonymous][quote=Anonymous]If you yourself are wealthy, but your parents are destitute, would you help them apply for benefits so they don’t have to rely on your resources?[/quote] I would not help my parents in any way whatsoever. DH and I have a net worth of $6M and a HHI of $525K. We’re in our mid-40s and have two children. My parents inherited 3 million dollars from my grandfather about 20 years ago. My parents immediately retired at the age of 51 and started taking luxury cruises, paying off their house, buying new cars (first fully loaded highlanders, then sports cars, then high end convertibles). Never once did they do anything to enrich the lives of their grandchildren or any of my siblings or cousins. They were constantly competing with DH and me as well as anyone in the extended family with notable accomplishments. Fast forward to 2022, and they’re proud recipients of stimulus checks, constantly complaining about being on a fixed income, demanding that we pay for everything, and exhausting a reverse mortgage with little runway remaining. They made their bed. Time to sleep in it. [/quote]
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