Reply to What percent of people do you know weren't financially supporting their parents before they turned 40?

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Reply to "What percent of people do you know weren't financially supporting their parents before they turned 40?"

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[quote=Anonymous][quote=Anonymous]What do you mean by supporting?  I’ve been paying my parents phone bill since I was 25 because in put them on my family plan and then slowly stopped asking them to pay me back.  But they don’t *need* that; I just like helping them out after all they’ve done for me over the years.  And now my mother is offering to provide a week’s childcare while I’m on a business trip for free so maybe that counts as them supporting me?  Basically in my world families support each other and the direction and type of support ebbs and flows over the years.

Most of my friends in their 30s are not supporting the parents financially but some live with them providing medical/logistical support (in some cases kids are supporting parents in out cases parents are supporting kids/grandkids or some mix of the two).  A few straight financially support them, either with regular payments or one-offs when they’re struggling.  I guess I’d say maybe 5-10% of my friend group have parents who are financially dependent on them without giving back in some other way?[/quote]

We send our parents 68K per year. It's the most we can give without tax penalty. [/quote]

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