I’ve seen clip of that financial advice show “The Ramsey show” on YouTube and the things that old man say are shocking to me. According to him I shouldn’t give a single cent to my parents… That’s so against my culture. I would be seen as downright evil if I do that.
Hell I’m unemployed for like a year by now and still sent 200 euro a few months ago to my father that still lives in my home country that I haven’t seen in 17 years.
Are you really Americans like that? Don’t get me wrong, I don’t see it as cold hearted but I see it as unnatural, and I’M a “socialess” cold person in essence.
There is much less of a familial obligation for help between adult children and their parents than in other countries. There is something of an expectation, but it is either tied to economic duress or disability.
For instance, it is common for adult children to pay rent to their parents if they continue to live at home. Sometimes parents will give that money back to their kids when they move out, but it isn’t common practice
On the flip side, while Social Security and Medicare are meager compared to other countries, it is common for that to be enough justification that parents don’t need full financial support until they are in a home. Even then, it is expected that the parents use up their savings before relying financially on their kids. That kids send money to their parents just because is not typical here.