First paycheck. Then 20% of pay per month.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why would a 30 year old send his parents money?

Because he’s Asian.

I sent money home to my mom and grandma when they were alive. I am Black and not an immigrant. OP, I don’t think DCUM is your crowd for this question. They were all born on second and third base, and their parents did not need their help. They were very fortunate

It’s cultural for sure. My immigrant grandparents would have never taken money from my parents. My parents were more well off than either of their parents and I have many memories of my grandfather showing up for visits with bags of things for us to stock up the basement - soap, toilet paper, any household goods he found on sale. These were before the Costco days. On my moms side they were always giving us food. It didn’t matter who made more financially, it was the parents job to take care of the kids.

Now I’m in that situation with elderly parents. I have to sneak my credit card ahead of time if we go out to eat because my father won’t let me pay. I could never send them money. We would if they ever needed help.

My dad paid for my education, car, travel, phone, gas, living from 18-26 and marriage so I should've paid him at least $5,000 per month if he needed it or asked.

Anonymous wrote:

Anonymous wrote:Well at 30 some people's parents would still be pretty young. Like young enough to be working - at least one of the parents. So unless the parents are impoverished - like really impoverished not just I can't get all the things I want impoverished, I would think $0

Maybe in 10 or 20 years, I could understand that it might start the era of having to support a parents.

Yeah my friend’s husband supports his mom. She’s 55 and he’s 33. She’s able bodied and just doesn’t want to work. It’s a huge source of tension in their marriage. He’s giving about 2k a month. They have small kids and really can’t afford daycare or any extras. So there clearly are people who take advantage of their kids. Most of my friend’s issue is how young her mil is. She’s worried she will be supporting her for the next 30 years.

Maybe your friend should have had fewer kids and a better job herself
She certainly knew what she was getting into

Anonymous wrote:

Anonymous wrote:Some Republicans are trying to end Social Security and if they succeed, people will need to support the olds financially because for many that's all they have.

No they're not. You're delusional

Actually that poster is correct.
https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/media/pdf/112/GOP_Budget_SocialSecurity.pdf
https://btlonline.org/republicans-propose-policies-that-would-weaken-or-end-social-security-and-medicare/
https://www.forbes.com/sites/christianweller/2021/04/16/republican-senators-push-social-security-medicare-and-medicaid-cuts-after-supporting-ineffective-tax-cuts/?sh=6f2758564811
https://www.speaker.gov/newsroom/91922-1

0. One of my parents became destitute and I contributed my time and energy into getting them on all the welfare benefits they need. They won’t be homeless, starve, or go without healthcare.

In the US it is not customary to send any money to parents unless they are in a dire situation.. Most 30 people I know still accepted help from their parents (in some form) at 30.

Anonymous wrote:Some Republicans are trying to end Social Security and if they succeed, people will need to support the olds financially because for many that's all they have.

No they're not. You're delusional

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Very few people, boomers included, have pensions. The only people I know that have them worked for the government (including military), or are teachers, police or firefighters. Everyone else only had 401ks. There will be a lot of elderly needing assistance as a result.

My parents are at the older end of boomers (born in '46 and '48) and receive pensions from working at Kaiser health care. They didn't even work there that long; my dad about 15 years as a physician and my mom about 10 years doing office work (something about enrolling medi-care patients.)

That’s the older boomers. The younger ones graduated into a recession and tight job market.

No, I stated that my parents only worked 15 and 10 years, but I guess I should have clarified that was at the end of their working years. My Dad worked at Kaiser from the late 90s-2015 and my mom only worked there from 2005-2015. Boomers of all ages and even all of GenX could have worked those same years.

^And only the option of 401ks if they were lucky.

Anonymous wrote:

Anonymous wrote:Very few people, boomers included, have pensions. The only people I know that have them worked for the government (including military), or are teachers, police or firefighters. Everyone else only had 401ks. There will be a lot of elderly needing assistance as a result.

My parents are at the older end of boomers (born in '46 and '48) and receive pensions from working at Kaiser health care. They didn't even work there that long; my dad about 15 years as a physician and my mom about 10 years doing office work (something about enrolling medi-care patients.)

That’s the older boomers. The younger ones graduated into a recession and tight job market.

Anonymous wrote:

Anonymous wrote:Boomers have pensions, social security, and everything else they have robbed from us. Zero.

Why do you hate your parents? They did a number on you. Go lay on a couch and Seek help. Every other thread, you post this vitriol.

Pot, meet kettle.

Anonymous wrote:If you're a male over 30, how much money did you send your parents each week when you were 30? If you have a son over 30, how much did they send you each week?

None.

Anonymous wrote:

Anonymous wrote:$0. Money rolls downhill. I’d hope my son was saving for a down payment or taking wonderful trips with a spouse before kids arrive.

If he hasn't had kids by 30, he's probably not going to.

What in the…no. Most fathers I know didn’t have kids by age 30.

Anonymous wrote:Well at 30 some people's parents would still be pretty young. Like young enough to be working - at least one of the parents. So unless the parents are impoverished - like really impoverished not just I can't get all the things I want impoverished, I would think $0

Maybe in 10 or 20 years, I could understand that it might start the era of having to support a parents.

Yeah my friend’s husband supports his mom. She’s 55 and he’s 33. She’s able bodied and just doesn’t want to work. It’s a huge source of tension in their marriage. He’s giving about 2k a month. They have small kids and really can’t afford daycare or any extras. So there clearly are people who take advantage of their kids. Most of my friend’s issue is how young her mil is. She’s worried she will be supporting her for the next 30 years.