Mike Hoxbig
Honorary Master
Yeah I get that, coming from an Asian background. But there has to be a middle ground somewhere. It's hard to look after your own family, as well as old people. The problem with being close-knit, is you have less privacy, space and freedom. Your personal issues automatically become their issues, and vice versa. You eventually start feeling claustrophobic and trapped, which leads to mental health problems.Its Western Culture thats why.
You wont find much of an old age home in Asian culture. Why? The family is very close. The whole family works on and thinks of the extension of the family to the next generation, so they all help for the next generation to take over. If you watch a Korean series generally you will see it. Each generation to do better than before, but they help one another.
My one inlaw had a single aunt, she left everything when she died to her nephew. In Western culture the nephew keep it all to himself but in Asia, he helped all the family members. Bought an apartment in the UK so some of his cousins can stay there while studying too. They are a very tight knit family.
In the West the parents dont really do that. They are more obsessed with themself and enriching themself, so by the time they have to retire, the kid was broke because it had to take on a lot of debt to start their own family, so parents are left at the old age home because of their own greed.
Also there's nothing wrong with taking on debt to provide for your family. It gives you drive and motivation. If your parents were responsible and planned their retirement, you can occasionally fall back on them in dire straights.
When I retire I'm probably going to downscale my place, and dump the profits into an emergency fund. Maybe buy the kid his first apartment. That's a pretty big head start already. But you're not teaching them to be successful and independent, if everyone is going to live in a generational home by getting in each other's way, minding each other's business and having everything done for you...