Anonymous wrote:I'll start- I would have asked my DH if he believes that children should be financially responsible for their parents who have not properly prepared for their retirement.
There are several problems with your question. Are you talking about having to support your parents or in laws? One cannot get blood from a stone. If the "children" don't have the financial means, then they CAN'T support the parents.
Frankly, I don't want to live long enough to be a burden to my kids. I take care of my own retirement. As for my parents, I will do what I can. I will be able to provide food and shelter and clothing, but medical care? That would wipe me out. Medical care is astronomical and I have to think about my own children.
We discussed stuff like this, so there isn't really anything I DIDN'T ask him.