Reply to How much money should a 30-year-old male be sending his parents per week?

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[quote=Anonymous][quote=Anonymous]DH and I are Asian immigrants and we came from well-off families so we did not have to bankroll them. However, I bought a flat in the same building where my brother lives, so that my parents could live there rent-free and my brother could look after them.  As a result, they did not have to sell their own huge house and they were able to rent it out for $$$.  It made them quite wealthy.  My brother has had some financial difficulties but does not take any monetary gift from us unless we beg him to or force him to.

My dad passed away and my mom wants to sell off her house while she is still alive. We all have a share in the house and the money that will come to all of us will be enough for my brother to become financially comfortable.  So, my one act of buying a flat/apartment for my parents to live in helped to preserve family house and generated enough wealth that 20 years down the line we all will benefit from it.

Incidently, my brother recently sold off the flat that I had bought for double of what we had paid and with that money, we helped my brother to pay off the mortgage of his own house, + we still have quite a bit left for other costs down the line. My mom remains a wealthy person in property and cash.

To send money to parents so that they can live well, so that your younger siblings can get educated, so that you make some property for security or income generation, helps to life out the entire family from poverty.  There is nothing wrong in setting family and relatives to succeed. Rising tide should raise everyone. [/quote]

My husband is Vietnamese and his family works the same way. It's so nice. I come from a dysfunctional European family where people sue each other instead!
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