Your Parents ~ Your Liability !

That is where your "good" upbringing is clouding your eyes. You cannot separate, Alive because of your parents, and successful because of your parents, some people are successful in spite of their parents. I am not saying this is me, I am simply playing devils advocate here because I can see both sides of the fence.

You say there is zero reason, but would you say that a person who was abused by their parents, and I mean literally abused, should have to look after their parents in their old age?

Ya, imagine being expected to look after the guy who sodomised you for most of your childhood.

That said I think too many people are negligent towards the older generation. Does not bode well for the future.
 
My parents gave me everything I needed growing up, often sacrificing their own pleasure and luxury to ensure I had a good education and moral values.

I will return the favour

Same here, won't leave good folks to fend for themselves..
 
My mother-in-law and her new hubby stays with us. We buy them food and all.

She's only got a state pension, and my new father-in-law (65) works for about 10k a month.

I think they give my wife about 2k. I think. Not sure, I don't see any of it.

My own parents are looking after themselves at the moment, but I'm not sure for how long, as they will soon be too old to work, and their pensions is also shot to hell. :(
 
How is your pension shot to hell if you haven't gone on pension yet?

I had an evil uncle (dead now) that got them to invest in something that didn't work out. Lost everything basically.

We stay in our family home for 19years. 1 year from it being paid off, he got them to invest money by taking a second bond, failed. Put them under huge financial pressure, had to cash out pension monies, decided to sell the house at a loss, bought a restaurant in Parys (Free State), it failed, moved back to Kempton, and got crap jobs because of their age...
 
I had an evil uncle (dead now) that got them to invest in something that didn't work out. Lost everything basically.

We stay in our family home for 19years. 1 year from it being paid off, he got them to invest money by taking a second bond, failed. Put them under huge financial pressure, had to cash out pension monies, decided to sell the house at a loss, bought a restaurant in Parys (Free State), it failed, moved back to Kempton, and got crap jobs because of their age...

Ok.
 
Yes zero. I would never be able to put myself in someone's shoes who was abused. But even then supporting your folks by paying their old age home bill is something, you don't have to physically be with them to support them. Then again, I'm not trying to understand anyone who was abused as I could never. I just know myself personally I would never let a family member especially someone who gave me life and raised me suffer because they cared for me earlier in life.

Then you also get people like my dad who will never accept assistance... he just assumes that one day he will drop dead with no issues. He is cutting people out his live who try and get involved even though he is close to needing lots of assistance.

He has pushed everyone so far away that we will only really be able to do anything when he is drooling in a wheelchair.
 
I had an evil uncle (dead now) that got them to invest in something that didn't work out. Lost everything basically.

We stay in our family home for 19years. 1 year from it being paid off, he got them to invest money by taking a second bond, failed. Put them under huge financial pressure, had to cash out pension monies, decided to sell the house at a loss, bought a restaurant in Parys (Free State), it failed, moved back to Kempton, and got crap jobs because of their age...

:( horrible man
 
I helped out my parents boat loads over the passed decade, running into a 6 digits. When people talk about white wealth, I would really like to see it, as most of my friends are in the same boat: didn't get a free ride through varsity, or any other financial assistance when leaving school, but land up supporting their parents. I know of some people that have had a lot of financial assistance when they were younger, but it's not very common from my experience.
 
I had an evil uncle (dead now) that got them to invest in something that didn't work out. Lost everything basically.

We stay in our family home for 19years. 1 year from it being paid off, he got them to invest money by taking a second bond, failed. Put them under huge financial pressure, had to cash out pension monies, decided to sell the house at a loss, bought a restaurant in Parys (Free State), it failed, moved back to Kempton, and got crap jobs because of their age...

My parents also lost a huge chunk of their pension through a "friend". Turns out the friends was relatively high up in a pyramid scheme, took the cash and left. Since then my parents have been investing heavily into their pension fund in order to get it to recover, and my dad has a few years left to do so. It resulted in tight living times at times, but I can honestly say I never went to bed hungry. Sure, sometimes we didn't have power and the phone was cut off due to late payments, but we made it.
 
If that day comes I won't hesitate to help out where and how I can. My parents did a lot for me in their lives. Just one example, they delayed paying off their house for quite a couple of years to pay for me and my sisters university.
Both my parents luckally have very decent retirement funds and some income from a second property, so here's hoping for the best.
 
I am sure that if I had been asked, I would have helped out my parents or my in-laws. But the situation did not arise since they were comfortably off.

My children were schooled in money management from the day they received pocket money, or extra bits for helping around the house. Both are successful financially today. I hear stories from some other parents of middle-aged kids where they are continually reaching out their parents for support in one way or another. Most of these dilemmas are due to self-inflicted situations - buying too expensive a car/house/holiday/phone, whatever
 
I’m not sold on supporting in-laws. I do owe my parents on the other hand, my old man supported me through school, varsity and was there when my ship hit rock-bottom due to controllable and uncontrollable circumstances, but I am correcting these and will continue to do so.

The day I got married, my mother-in-law ‘suddenly’ lost everything and they live to a code where the daughter’s husband must provide the support, and this code is strong in their bloodlines, and this is the main reason why I ended up in divorce. They live up high, socially. I am not willing to support any in-law, again. I can’t do handouts, sorry.
 
I’m not sold on supporting in-laws. I do owe my parents on the other hand, my old man supported me through school, varsity and was there when my ship hit rock-bottom due to controllable and uncontrollable circumstances, but I am correcting these and will continue to do so.

The day I got married, my mother-in-law ‘suddenly’ lost everything and they live to a code where the daughter’s husband must provide the support, and this code is strong in their bloodlines, and this is the main reason why I ended up in divorce. They live up high, socially. I am not willing to support any in-law, again. I can’t do handouts, sorry.

Remember your in-law is your Spouse's parents :p

But yea, I don't mind caring for all if I can. If not just help both sides equally instead of one fully. I would never be able to tell my wife I'm looking after my folks hers can live on the street :o
 
I’m not sold on supporting in-laws. I do owe my parents on the other hand, my old man supported me through school, varsity and was there when my ship hit rock-bottom due to controllable and uncontrollable circumstances, but I am correcting these and will continue to do so.

The day I got married, my mother-in-law ‘suddenly’ lost everything and they live to a code where the daughter’s husband must provide the support, and this code is strong in their bloodlines, and this is the main reason why I ended up in divorce. They live up high, socially. I am not willing to support any in-law, again. I can’t do handouts, sorry.

That in-laws trap is hard because somehow they must take as much priority as your own parents... WTF. Then you can't actually tell them what to do either because they are not your parents.

Had to navigate several situations like that with my MIL, she is sorted money wise but was a bit naive after my FIL passed. She is good at saving money but makes terrible decisions, they money needs to be taken away so that she does not throw it away.
 
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