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Adult Children
Reply to "How many middle-age adult children financially support their parents?"
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[quote=Anonymous]My parents, no. They have been very generous with us and are fortunate. My spouse's parents, sort of. They had professional jobs but made a series of very poor financial decisions partly out of ignorance (not gambling or anything but rather not saving or investing and bad habits with spending) so now they are on a very fixed income. My DH feels compelled to purchase them luxuries often partly because he is kind and feels bad for them but also because his sibling lavishes them with expensive things and he feels compelled to match it and is sometime asked to. I am not a fan of this dynamic and think it's unnecessary and a dangerous spiral, not to mention unequal with how we treat my parents (though I am not advocating for spending on them too). It's a very tense issue. I fear regularly that we are going to be on the hook for my in-law's regular living expenses in the future. [/quote]
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