Awareness & the Anxiety of ER

[ERhoosier]

Quote:

Originally Posted by JoshTrent ...my parents are ill prepared, and I can see the train wreck happening. There are only so many times I can say - "live how you like, just don't end up as a burden to me and my brothers"

Be glad you don't live in China-

New Chinese law will let elderly parents sue children for neglect | MNN - Mother Nature Network

[JoshTrent]

Quote:

Originally Posted by ERhoosier Be glad you don't live in China- New Chinese law will let elderly parents sue children for neglect | MNN - Mother Nature Network

Wow.. that is incredible! State mandated parental visitation - what's next?

I hope you understand that I would do anything for my parents. Your quote of me might come off as being ungrateful.. I just expect my parents to live WITHIN their means. I would certainly help them through tough times, but I don't consider "we need a new iPhone with a huge data plan" an emergency.

[HFWR]

Quote:

Originally Posted by JoshTrent ...has saved only a paltry sum for retirement, has a lot of debt & lives a life of consumerism...

Why do we expect anything different?

Much of our economic activity would grind to a halt without profligate spending for gee-haws and widgets, much of it on credit.

Both the gumment and Madison Ave. promote consumption and living beyond our means.

Financial education is given short shrift, the market is seems rigged, 401k plans are loaded with high-fee, active funds, and financial "advisors" often take advantage of the uninitiated and uninformed by placing them in the aforementioned funds.

Etc....