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[quote=Anonymous]Except in unusual situations or if there’s a cultural expectation understood from a young age, I don’t agree with paying for a nursing home for parents. If your parents are white MC/UMC boomers then they had plenty of opportunity to make and save money. The exceptions of course for a black swan event like a lawsuit or whatnot. So many MC/UMC boomer moms didn’t even work. My own mom was too good to work. So I should have to leave my baby every day to go to work to pay for my mom’s care? The same mom who had countless vacations, a summer house, etc? Thankfully my parents have plenty in savings, but even if they didn’t - I wouldn’t step up to pay. Paying for your own parents’ care instead of saving only continues the cycle of dependency. You’re likely to end up dependent on your own kids one day. Who knows if social security will be around or what amount of taxes we will be paying. I do not want to be a burden on my kids and will not subsidize parents who had a lifetime of living an affluent lifestyle. Guarantee that so many of the parents having kids pay for their care drove new cars, took cruises, had a cleaning service, yard service etc. [/quote]
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