Anonymous wrote:Anonymous wrote:Anonymous wrote:Yes! My parents are in a developing country where retirement age is 55 years. My dad (sole breadwinner) retired almost 20 years ago when most of my siblings and I were still in school so obviously all that $$ went to school fees. I send them $200 a month to supplement their income from businesses and they are always grateful. My in-laws are not retired but they "expect" us to give them monthly financial assistance.
Why?
They like to live above their means - driving luxury cars, they are building a luxury retirement home that their income can't etc - they feel entitled because they "sacrificed to give everyone a better life."
Anonymous wrote:Anonymous wrote:Yes! My parents are in a developing country where retirement age is 55 years. My dad (sole breadwinner) retired almost 20 years ago when most of my siblings and I were still in school so obviously all that $$ went to school fees. I send them $200 a month to supplement their income from businesses and they are always grateful. My in-laws are not retired but they "expect" us to give them monthly financial assistance.
Why?
Anonymous wrote:Not fully, but I help my mother pay for food, energy when oil prices are high, upkeep on the house, etc. Not married, so no spouse involved. I do have siblings and they prefer to ignore the fact that our mother survives on minimal SS.
Anonymous wrote:Yes! My parents are in a developing country where retirement age is 55 years. My dad (sole breadwinner) retired almost 20 years ago when most of my siblings and I were still in school so obviously all that $$ went to school fees. I send them $200 a month to supplement their income from businesses and they are always grateful. My in-laws are not retired but they "expect" us to give them monthly financial assistance.
Anonymous wrote:I'm curious if you all are white? I think culturally it seems more common for other races to live with their parents or support previous generations. My WASP family and my inlaws would never live or rely on us. They've saved for 40 years for retirement. My mom even said recently that money only flows downhill. So while I wish I had more family help in other areas of my life, as least they won't rely on us in old age.
Anonymous wrote:Anonymous wrote:Not fully, but I help my mother pay for food, energy when oil prices are high, upkeep on the house, etc. Not married, so no spouse involved. I do have siblings and they prefer to ignore the fact that our mother survives on minimal SS.
I do something very similar. My sibling lives closer to my mother and also provides financial and physical support. My mother is terrible at long term planning and is completely clueless regarding finances. It sounds terrible, but I get very resentful when she needs support after watching her squander resources over her lifetime, never have a long term plan and expect that she will be someone else's responsibility. It makes me feel like a bad daughter to be so frustrated with her.