Quote:
Originally Posted by Hi-Psi
I've got an interesting take on things.
What if you're parents haven't saved enough over the years to retire properly? Instead of saving properly they spent their money on vacations for themselves and living waaaay outside their means to the point where they now have amassed debt rather than savings.
Do you feel responsible to help them since they're your parents or do you turn a blind eye to it and make them lay in the bed they made?
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Lay in the bed. Especially if they were the type of parents that instilled fiscal responsibility in you from an early age and then have gone back on what they taught you. In my case, I started paying rent the day I graduated from high school, told to pay for my own post-secondary education and pretty much be financially independent since the day I stepped out of that high school classroom. If my parents were to come back to me when they retired and said they ran out of money because they blew it all on extravagant things I'd laugh at them and tell them it's their own fault.