Is it Time to Cut Your Aging Parents Loose?

Tuesday, October 26, 2010

We frequently talk about retired people living on limited budgets. But what about their adult children?

It turns out that many people with aging parents are struggling financially, and even facing professional setbacks. But are their sacrifices really for the best? And is there a time when they should just cut their aging parents loose to fend for themselves?

Beth Kobliner believes, as cruel as it may sound, there is such a time. The Takeaway’s work and personal finance contributor, she’s also the daughter of retired parents.

Produced by:

Kristen Meinzer

Contributors:

Beth Kobliner

Comments [3]

Betty from New Prague, MN

Sometimes the parents have been horrible to their child all of their lives. Then as they get older they expect that same child to want to visit and care for them. It's just not realistic. It's too hard to forget all of the bad times and insults. I've watched my husband endure his father's criticism for too long. Now he wants nothing to do with his parents. I don't blame him at all.

Apr. 03 2013 10:34 AM
Roger G from Fort Lauderdale, FL

It is when times are hard that a person’s character is tested. There are things more important than money that needs to survive. How about love, loyalty and responsibility?

Oct. 26 2010 11:16 AM
Ellen Robbins

When my aged wheelchair-bound mother used to worry about whether she had enough money to support herself I joked that if she didn't I'd leave her in the parking lot. Now you seem to be recommending just that. What has always gotten us through tough times is character. Without it we don't deserve to survive.

Oct. 26 2010 09:03 AM

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