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Cake day: June 16th, 2023

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  • 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.