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]No one that I know of.  I guess it depends o what you mean by help.  We definitely have done stuff for years like buy them nice kitchen stuff, give them gift certificates, pay to bring them on vacation with us — subtle ways to subsidize their lifestyle.  But not paying their mortgage until they hit 90, which meant kids in 60s.  I think most of us also paid back our college money, which was expected in my family.

My paresnts definitely weren’t rich but like many in their generation had a pension which met the basics until they were decades past retirement with no COLA.  It’s not enough now to cover their needs and savings are pretty well exhausted.

I can see where parents with no pension would be in a tougher spot sooner.  But most of the older Americans, even blue collar, had pensions.  [/quote]

Subsidize their lifestyle- that is what we do. My parents never ask or even seem to expect it from us, but they have pensions and moved to a higher COLA to be near us. We pick up restaurant checks, buy tickets to events we go to together. I am trying to convince them to join our phone plan as 2 extra lines that I would pay for. They do a lot for us and this is the only way they will accept any compensation beyond “thank you”. [/quote]

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