Does anyone financially help their parents? Either a certain amount each month or in lump sum? I’m curious to hear what they do and what kind of context it’s in. As many attorneys of color do, I come from a culture where this would not be weird..

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My mom is an immigrant and never really saved for retirement although she was able to buy a house. I set her up with an IRA, but my sister and I are basically her retirement so no lump sum more like for paying everything. I know while I was in law school my sister, who was already working, was giving my mom monthly income and at one point a lump sum as well. My mom paid for everything for her parents too so it’s not strange in our culture to take care of your parents.

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Right now not much, we pay bills mostly. Before when I was in school and my sister working, my sister would give $1k a month or gave her lump sums of $10k. But I’m buying a larger house and she’ll be living with me and my husband and kid(s) and I’ll pay for everything then and my sister will pay for her “leisurely” expenses and credit cards. She’ll get a little bit from SSI once she qualifies but that’s her money. When we hopefully travel again we’ll split the costs.

I am not at the moment but I plan to once I am more financially stable. The plan is to send them a fixed amount every other month. My dad is retired and my mum will retire in a couple months. Personally, I want to do it because I feel like I owe it to them. That woman sacrificed everything for my siblings and I. At the moment, my oldest brother is the one handling their upkeep and I want to do my part too.

Extra context: I am an immigrant and my parents are still back in my home country.

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2nd year associate here and I give my mom 200/month. I would like to do more but my loans are a priority at the moment. My dad makes way more than my mom. It’s cultural norm so it doesn’t feel like a burden

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Yes, I give her 700-1000 pounds (I am in London) monthly. She helped with some law school debts so I am repaying her for that but I am not her retirement so I am trying to help her plan for that. I also come from a culture where you help your parents. However, I would never want my children to be (or even just feel) responsible for my retirement or any of my costs so I am set on ending this chain. I will continue to treat her, pay for meals out and holidays of course.

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I was raised by my grandparents who are retired now, but their SSI didn't even cover the cost of their mortgage until I helped them refinance recently. I give them $500/month and pay for their cable service and give them other lump sums during holidays/birthdays. They never asked me for the help, but I feel it is the least I could do. They are immigrants and didn't really save up for retirement. They also bought a home very late in their lives which is why they still have a mortgage. My husband and I also try to take them on nice vacations when we can since none of their kids, including my dad, are in a position to do the same (or choose not to). I wish I could do more for them really, but it's hard with my own debt and because they live in another state. One thing I have prioritized from this experience though is saving up for my own retirement.

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I do. It's not a set amount each month, but basically there is no emergency fund or bank loan, credit card, etc. my parent can go to. It's me. Example, mom's bed break or something goes out in her apartment I and my siblings handle the cost.

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Not my mom, she's fine. But my brothers and sisters are all working class - my aunt too. No formal arrangement but I've told them like, don't just be out here struggling. It does not grow on trees but we are a family and I'm here. I'm very much the baby of the family though and I think they hesitate to ask.

To be honest, I do send money for my parents
and grandparents whenever there is a need. It’s pretty common amongst our communities especially not having generational wealth.

I help my parents when I can and renovated my grandparents house in Ecuador, looking to contribute to building the in-laws home in Mexico

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