It’s generally true that our parents are in much better financial situations than our generation is. However, more than four million U.S. adults still provide financial support to their parents. According to the Census Bureau, adult children provided $17.6 billion in support for their parents in 2020.
This woman did the same for her parents, but once she had her own family and started having kids, it just became unfeasible. Irked by thoughts that she’s being selfish and the unending phone calls asking for money, she decided to ask for opinions online. Was she right to fund her parents’ retirement when they spent their whole lives squandering any savings away?
