Reply to Write a check this week for 10k to help your parents?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Not much savings b/c a) both laid off in their 50s. You know the drill. b) paid private school tuition for their daughters.  There life has been giving of themselves for their kids; their house is old and not fancy and their car was ten years old.

Only looking at new cars b/c a) used car prices at historic highs b) used cars will have more maintenance and less reliability, and they are older and often driving grand kids, and so reliability is key and c) bigger car like accord to fit 3 car seats in back.

[b]From these reactions, I guess I am in the minority of giving money to family.[/b] But do most people have the availability of the money, or am I wrong there too! ;)[/quote]

If I were you OP and had the money, then I would gladly hand it over so my parents could get a new car. Everything my parents have done for me in my lifetime adds up well more than $10,000. I am surprised with the reactions too. Sad to think there arent more out there who would help their parents. :([/quote]

What you fail to realize is that a lot of people have not gotten any financial assistance ever from their parents -- public school all the way, no paying for any kind of lessons ever, no help buying first car, no help paying for college, no help buying house.  Many people were even expected to get jobs when they turned 15 so they could then start paying for their own clothes.

So for all of those people, while they may love their parents, they probably feel like they don't owe them anything financially.  And in fact, it may even be a point of contention that their parents didn't help them with any of the big financial things in their lives, especially if that meant working a lot to pay for college or taking on incredible debt load.[/quote]

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