Why don't you tell us what cause your parents to be broke? Mine are 69/73. I have not had to support them. Dad still works because he would be bored at home. Mom is frugal with her SS money. I think she writes down all monies in and out.

Anonymous wrote:I’ve never known a single person who helped their parents. Money rolls downhill. I can’t imagine how awful a person you must be to be taking money that could be used for your grandkids.

+1

Anonymous wrote:If parents go out of their way to financially support their adult children from high school up to grad schools with tuition,rents, living, travel, weddings.

If kids attend private school and colleges and aren't eligible for aid, parents often spend so much that they end up needing some help in their retirement.

Most children are grateful and at least try to pay back part of what they received and would've had to pay a lot of interest on if borrowed from a bank.

No. Most kids are not grateful and therefore pay you money.

You are exploiting your child if they live up to your expectations and then you charge them money.

That is abuse.

I’ve never known a single person who helped their parents. Money rolls downhill. I can’t imagine how awful a person you must be to be taking money that could be used for your grandkids.

It’s not normal to help your parents financially, in America.

Anonymous wrote:

Anonymous wrote:If parents go out of their way to financially support their adult children from high school up to grad schools with tuition,rents, living, travel, weddings.

If kids attend private school and colleges and aren't eligible for aid, parents often spend so much that they end up needing some help in their retirement.

Most children are grateful and at least try to pay back part of what they received and would've had to pay a lot of interest on if borrowed from a bank.

You chose to have a child. No child os paying you back.

From what I've seen, there is no obligation on either side, both parties doing it out of love.

Maybe if you are from a foreign country. As an American..no.

I have only known two families that sent money home to their parents and other family members. One was Laotian, the other was Indian.

If my mother were still alive I would be helping her. She would be so shocked to know I'm the only one helping my sister survive right now. My motto, if you have extra, share.

I see it when parents immigrated and worked menial jobs and sacrificed much so that their children could access education and go to college to get well paying jobs. They tend to live in multi-generational situations and frequently the family still sends money to family back in the home country too.

I do not see it in families who have been in the US for several generations, although I could be wrong if they were in a similar scenario.

In my MC/UMC existence I do not see it all all.

It is ABNORMAL for this to happen. Completely and utterly.

Anonymous wrote:If parents go out of their way to financially support their adult children from high school up to grad schools with tuition,rents, living, travel, weddings.

If kids attend private school and colleges and aren't eligible for aid, parents often spend so much that they end up needing some help in their retirement.

Most children are grateful and at least try to pay back part of what they received and would've had to pay a lot of interest on if borrowed from a bank.

You chose to have a child. No child os paying you back.

No child should be paying for a parent. WTF OP?

Anonymous wrote:If parents go out of their way to financially support their adult children from high school up to grad schools with tuition,rents, living, travel, weddings.

If kids attend private school and colleges and aren't eligible for aid, parents often spend so much that they end up needing some help in their retirement.

Most children are grateful and at least try to pay back part of what they received and would've had to pay a lot of interest on if borrowed from a bank.

Before they're 35?

OP please explain how you think the economy works.

If parents go out of their way to financially support their adult children from high school up to grad schools with tuition,rents, living, travel, weddings.

If kids attend private school and colleges and aren't eligible for aid, parents often spend so much that they end up needing some help in their retirement.

Most children are grateful and at least try to pay back part of what they received and would've had to pay a lot of interest on if borrowed from a bank.