Anonymous
09/16/2023 05:36
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
I know one person in their 40s, white family, not immigrants.
Anonymous
09/16/2023 05:08
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
Anonymous wrote: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.
By what age do the kids usually pay back the college money?
Anonymous
09/15/2023 22:31
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
I know people who support their parents but most of them do it by buying their parents a place to live. And the house is jointly titled or in the adult kids name. So yes they are supporting their parents but theya re putting it into a house
Anonymous
09/15/2023 22:31
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
I'm 50, first gen American on both sides (from different countries) and don't know anyone who has supported their parents financially.
Anonymous
09/15/2023 22:28
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
Anyone who is 1st generation rich (often thanks to their parents' hard work) should be supporting their parents.
Anonymous
09/15/2023 22:26
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
This would go better if it was phrased, “what is your background and what percentage of your friends are supporting their parents by the time they turn 40”
Anonymous
09/15/2023 22:21
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
I've heard a few people mention something in passing about parents that would indicate support, like commenting about parents moving in with them, but I have no idea what the numbers are or how much support.
Regarding cultural tendencies: my parents definitely helped both of their parents - bought their houses, paid their utility bills, bought them clothes and such - but turned things around in their generation such that they won't accept (and really don't need) help from us. White family with 3-5 generations in the US, before that family was from various western European countries. Both families were definitely working class until my parents, who grew into the middle / upper middle class. We are DCUM "barely making it" but doing well by any other measure.
Regarding cultural tendencies: my parents definitely helped both of their parents - bought their houses, paid their utility bills, bought them clothes and such - but turned things around in their generation such that they won't accept (and really don't need) help from us. White family with 3-5 generations in the US, before that family was from various western European countries. Both families were definitely working class until my parents, who grew into the middle / upper middle class. We are DCUM "barely making it" but doing well by any other measure.
Anonymous
09/15/2023 22:03
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
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.
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.
Anonymous
09/15/2023 21:57
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
I don't ask my friends about their financial situations. It's weird that you know these things, OP.
Anonymous
09/15/2023 21:49
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
I have friends I've had for 15 years that I didn't find out help their parents until recently.
It's always go bizarre to me that people assume the only time x happens is when they know it. This is not a thing people share a lot. So you may know 0-1 people. But that by no means 0-1 people you know are in this situation.
It's always go bizarre to me that people assume the only time x happens is when they know it. This is not a thing people share a lot. So you may know 0-1 people. But that by no means 0-1 people you know are in this situation.
Anonymous
09/15/2023 20:40
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
I know one person who bought a house for a parent who would otherwise be homeless. I’m sure others are quietly helping parents and don’t speak about it publicly.
Anonymous
09/14/2023 21:38
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
+1 to all the other plus ones.
You must be around a lot of poor people.
You must be around a lot of poor people.
Anonymous
09/14/2023 21:37
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
I think white people don’t talk about it as much. I pay my mom’s mortgage at 37, and we are very grateful for some informal help as a grandparent but it’s a ton of money
Anonymous
09/14/2023 21:37
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
They just aren’t telling you! This issue is drenched in shame.
Anonymous
09/14/2023 21:36
Subject: What percent of people do you know weren't financially supporting their parents before they turned 40?
Anonymous wrote:Usually it goes the other way, unless they're immigrants
+1
And I'm Asian-American