Reply to Why is it taboo for adult children to leech off their parents, but not for parents to leech off their adult children?

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Reply to "Why is it taboo for adult children to leech off their parents, but not for parents to leech off their adult children?"

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[quote=Anonymous]I don’t think this is a one answer for all situation.  My IL’s have a spending problem and despite being high earners for decades, they have no savings.  My parents were solidly middle class but managed to save way more than I was aware.  Both DH and myself are willing to help my parents, but not his.  My parents helped with college, but I also worked and had scholarships and loans.  DH’s parents paid for college and promised grad school, but left him stuck with the bill at the last minute and he had to scramble and get loans because they didn’t have the funds to pay. Neither has given us down payments or large gifts, which we don’t expect.  We just don’t want to be in a position where we are supporting our three young children and our parents at the same time, which I think is a fair stance. We don’t have enough in our early 40’s for the money to flow both ways, and we will choose downward every single time.

I don’t think the support your parents crowd is the same crowd who is receiving down payment cash, private school tuition and 529 contributions from their parents.  Some of the time it is cultural, but some of it is just differences in socio economic status and generational wealth.  [/quote]

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