Thommo,
In the first paragraph, I said this:
some people would have the position of not believing they 'need' to leave anything for their kids - which I agree with -
Maybe that's a little confusing, what I'm saying is that I agree that parents need feel no obligation to leave an inheritance for their children.
Geoff,
In my second paragraph, I said this:
just as most parents wouldn't jump on a plane to the Bahamas if one or more of their children were destitute, I don't think many children would leave their parents to suffer if they were in severe financial dire straits either.
In your reply you said this:
I owe them.
You owe them what? In my opinion, children owe their parents nothing. I firmly believe that parents are the ones that have obligations to their children, not the other way around. Parents have the responsibility of looking after their children UP TO A CERTAIN POINT (this generally being when they move out of home), after that the children can look after themselves.
I still don't understand this feeling of obligation to look after my parents? They made choices in their own lives (just as I have made in mine) and they can live with them. I didn't ask to be brought into this world.
I first moved out of home when I was 19 and on the dole. I never asked for or expected hand outs from my parents in that period of time when I wasn't working either. Even when I only had $10 to last me a week to buy food.
Increasingly these days, I come across people that are working and still living at home, even in their late 20's/early 30's. None of these people (that I know of) are saving for home deposits or anything, in fact in most cases they spend all their money on useless crap and save nothing.
I know it's easy for me to say, since I have no children, but how are parents helping their children by allowing them to live like this? They have never (nor are they ever going to, it seems) learn even the most basic money habits.
It's no wonder that we see so many young people claiming that life is getting more expensive - the usual passing of the buck. It's not that life is getting more expensive, it's that they are unwilling to actually save for anything, cause all they know is how to put their hands out when they need something.
Oh well - that's cool, just means that the rental pool will continue to grow over the years.
In the first paragraph, I said this:
some people would have the position of not believing they 'need' to leave anything for their kids - which I agree with -
Maybe that's a little confusing, what I'm saying is that I agree that parents need feel no obligation to leave an inheritance for their children.
Geoff,
In my second paragraph, I said this:
just as most parents wouldn't jump on a plane to the Bahamas if one or more of their children were destitute, I don't think many children would leave their parents to suffer if they were in severe financial dire straits either.
In your reply you said this:
I owe them.
You owe them what? In my opinion, children owe their parents nothing. I firmly believe that parents are the ones that have obligations to their children, not the other way around. Parents have the responsibility of looking after their children UP TO A CERTAIN POINT (this generally being when they move out of home), after that the children can look after themselves.
I still don't understand this feeling of obligation to look after my parents? They made choices in their own lives (just as I have made in mine) and they can live with them. I didn't ask to be brought into this world.
I first moved out of home when I was 19 and on the dole. I never asked for or expected hand outs from my parents in that period of time when I wasn't working either. Even when I only had $10 to last me a week to buy food.
Increasingly these days, I come across people that are working and still living at home, even in their late 20's/early 30's. None of these people (that I know of) are saving for home deposits or anything, in fact in most cases they spend all their money on useless crap and save nothing.
I know it's easy for me to say, since I have no children, but how are parents helping their children by allowing them to live like this? They have never (nor are they ever going to, it seems) learn even the most basic money habits.
It's no wonder that we see so many young people claiming that life is getting more expensive - the usual passing of the buck. It's not that life is getting more expensive, it's that they are unwilling to actually save for anything, cause all they know is how to put their hands out when they need something.
Oh well - that's cool, just means that the rental pool will continue to grow over the years.