<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: Turn away spendthrift parents at your own peril</title>
	<atom:link href="http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/</link>
	<description>Helping readers to use bargains wisely since 2005</description>
	<lastBuildDate>Sun, 12 Feb 2012 16:24:19 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
	<item>
		<title>By: Victor</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131656</link>
		<dc:creator>Victor</dc:creator>
		<pubDate>Sat, 29 Mar 2008 03:02:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131656</guid>
		<description>It&#039;s simple really.  Our government has for years been stealing the money from social security and medicare trust funds.  Now that they realized that they are not going to be able to fund all these programs, they want to pass along the responsibility to someone else.  

Democrats and Republicans are one and the same.  They seek power and money, which they achieve by increasingly grabbing control of our lives and money.  They use divide and conquer strategy to shift the focus on inane debates and to make the people think they have two distinct choices.  Good luck guys in getting through the coming Depression.</description>
		<content:encoded><![CDATA[<p>It&#8217;s simple really.  Our government has for years been stealing the money from social security and medicare trust funds.  Now that they realized that they are not going to be able to fund all these programs, they want to pass along the responsibility to someone else.  </p>
<p>Democrats and Republicans are one and the same.  They seek power and money, which they achieve by increasingly grabbing control of our lives and money.  They use divide and conquer strategy to shift the focus on inane debates and to make the people think they have two distinct choices.  Good luck guys in getting through the coming Depression.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Grace</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131590</link>
		<dc:creator>Grace</dc:creator>
		<pubDate>Fri, 28 Mar 2008 18:15:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131590</guid>
		<description>Hold on there, folks--no sense getting excited.  These are laws that were enacted in the &#039;40s &amp; &#039;50s.  Over 30 years ago, most of the states left the &quot;relative responsibility&quot; laws on the books but removed the enforcement mechanisms.  Those that didn&#039;t still stopped enforcing these statutes.

Laws like this are of dubious constitutionality.</description>
		<content:encoded><![CDATA[<p>Hold on there, folks&#8211;no sense getting excited.  These are laws that were enacted in the &#8217;40s &amp; &#8217;50s.  Over 30 years ago, most of the states left the &#8220;relative responsibility&#8221; laws on the books but removed the enforcement mechanisms.  Those that didn&#8217;t still stopped enforcing these statutes.</p>
<p>Laws like this are of dubious constitutionality.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Erin</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131585</link>
		<dc:creator>Erin</dc:creator>
		<pubDate>Fri, 28 Mar 2008 17:45:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131585</guid>
		<description>Commenters should probably read the NCPA analysis before getting too stressed; these laws are almost never enforced, and may in fact be unenforceable, as federal law prohibits the consideration of the finances of anyone other than a spouse when determining whether a person is eligible for care. 

I agree with previous posters that these theoretical parents who sacrifice for twenty years or longer are surely not as commonplace as this post suggests. I, and many of my peers, are appreciative of having food and a roof over our heads but consider that the minimum responsibility of someone who chooses to bring a child into this world (I certainly don&#039;t expect my son to repay me for feeding him for the next fifteen years!). However, I, and many of my peers, have been financially independent (not always by choice) for our entire adult lives - I haven&#039;t received a penny in support from my parents since I walked out the door for college! 

It isn&#039;t really an issue of money, per se. Had my parents shown any interest in my life or family in the past ten years, I would be more inclined to support them in their later years, regardless of if they had supported me financially. I think that the Boomers are not merely going to have to face the fact of their financial insolvency at retirement, they are going to be stunned to find that a lifetime of self-involvement at the expense of your children&#039;s happiness and stability does NOT translate to your children happily lining up to fund your retirement.</description>
		<content:encoded><![CDATA[<p>Commenters should probably read the NCPA analysis before getting too stressed; these laws are almost never enforced, and may in fact be unenforceable, as federal law prohibits the consideration of the finances of anyone other than a spouse when determining whether a person is eligible for care. </p>
<p>I agree with previous posters that these theoretical parents who sacrifice for twenty years or longer are surely not as commonplace as this post suggests. I, and many of my peers, are appreciative of having food and a roof over our heads but consider that the minimum responsibility of someone who chooses to bring a child into this world (I certainly don&#8217;t expect my son to repay me for feeding him for the next fifteen years!). However, I, and many of my peers, have been financially independent (not always by choice) for our entire adult lives &#8211; I haven&#8217;t received a penny in support from my parents since I walked out the door for college! </p>
<p>It isn&#8217;t really an issue of money, per se. Had my parents shown any interest in my life or family in the past ten years, I would be more inclined to support them in their later years, regardless of if they had supported me financially. I think that the Boomers are not merely going to have to face the fact of their financial insolvency at retirement, they are going to be stunned to find that a lifetime of self-involvement at the expense of your children&#8217;s happiness and stability does NOT translate to your children happily lining up to fund your retirement.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Nicole</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131569</link>
		<dc:creator>Nicole</dc:creator>
		<pubDate>Fri, 28 Mar 2008 16:20:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131569</guid>
		<description>I think this just shows how this issue cannot be generalized, and you can&#039;t really judge the decisions that other adult children make about their parents.  Because I have great parents who supported me their whole lives and paid for private school and college for my sister and me, I cannot imagine turning them away when they are in financial need, even if it is the result of their own poor decisions.  Yes, they have not always made the best financial choices, but if they hadn&#039;t spent hundreds of thousands of dollars on us, they would have a lot more to live on now that they are in their 70s.  I feel a tremendous debt to them that can never be repaid and I know I would sacrifice whatever was necessary to make sure they are well cared for and comfortable for the rest of their lives.  But, I also realize that others did not have the same support and advantages my parents provided.  I can certainly understand why some adult children do not feel one whit of responsibility for bailing their parents out of their financial messes.</description>
		<content:encoded><![CDATA[<p>I think this just shows how this issue cannot be generalized, and you can&#8217;t really judge the decisions that other adult children make about their parents.  Because I have great parents who supported me their whole lives and paid for private school and college for my sister and me, I cannot imagine turning them away when they are in financial need, even if it is the result of their own poor decisions.  Yes, they have not always made the best financial choices, but if they hadn&#8217;t spent hundreds of thousands of dollars on us, they would have a lot more to live on now that they are in their 70s.  I feel a tremendous debt to them that can never be repaid and I know I would sacrifice whatever was necessary to make sure they are well cared for and comfortable for the rest of their lives.  But, I also realize that others did not have the same support and advantages my parents provided.  I can certainly understand why some adult children do not feel one whit of responsibility for bailing their parents out of their financial messes.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Anitra</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131534</link>
		<dc:creator>Anitra</dc:creator>
		<pubDate>Fri, 28 Mar 2008 13:06:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131534</guid>
		<description>Sounds like a triple-threat to Baby Boomers and Generation X - they&#039;re already pressured to save enough for themselves (retirement), their kids (college), and now for their parents, too.

Would I care for my mother and/or mother-in-law if they needed it? Certainly. But it shouldn&#039;t be a legal obligation. As others here have said, you can&#039;t pick your parents, and you (usually) can&#039;t influence their behavior, either.</description>
		<content:encoded><![CDATA[<p>Sounds like a triple-threat to Baby Boomers and Generation X &#8211; they&#8217;re already pressured to save enough for themselves (retirement), their kids (college), and now for their parents, too.</p>
<p>Would I care for my mother and/or mother-in-law if they needed it? Certainly. But it shouldn&#8217;t be a legal obligation. As others here have said, you can&#8217;t pick your parents, and you (usually) can&#8217;t influence their behavior, either.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: AMMB</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131443</link>
		<dc:creator>AMMB</dc:creator>
		<pubDate>Fri, 28 Mar 2008 00:35:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131443</guid>
		<description>what a horrific load of insanity and ugly is a massive understatement.  

quite tru: children cannot chose their parents &amp; cannot force them to be functional, rational, responsible.  

i may love my parents yet i cannot realistically support them when i have trouble enough supporting my kid, and living in a 2BD apt just where the heck would i put&#039;m?

plus, i&#039;ve done the bail out already &amp; it cost me my marriage &amp; darned near my job.

i&#039;d love to have functional, rational, responsible  parents to work out mutual help, but that is not reality for my family or many other&#039;s families.</description>
		<content:encoded><![CDATA[<p>what a horrific load of insanity and ugly is a massive understatement.  </p>
<p>quite tru: children cannot chose their parents &amp; cannot force them to be functional, rational, responsible.  </p>
<p>i may love my parents yet i cannot realistically support them when i have trouble enough supporting my kid, and living in a 2BD apt just where the heck would i put&#8217;m?</p>
<p>plus, i&#8217;ve done the bail out already &amp; it cost me my marriage &amp; darned near my job.</p>
<p>i&#8217;d love to have functional, rational, responsible  parents to work out mutual help, but that is not reality for my family or many other&#8217;s families.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Lord</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131435</link>
		<dc:creator>Lord</dc:creator>
		<pubDate>Thu, 27 Mar 2008 23:07:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131435</guid>
		<description>&quot;This eroded parents’ desires to save for themselves&quot;

Not really.  They saved a little, but it was never very much.  Before SS, parents moved in with their children when they retired.  Something to keep in mind if SS is ever cut.</description>
		<content:encoded><![CDATA[<p>&#8220;This eroded parents’ desires to save for themselves&#8221;</p>
<p>Not really.  They saved a little, but it was never very much.  Before SS, parents moved in with their children when they retired.  Something to keep in mind if SS is ever cut.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Debt Free Revolution</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131417</link>
		<dc:creator>Debt Free Revolution</dc:creator>
		<pubDate>Thu, 27 Mar 2008 21:02:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131417</guid>
		<description>Joshua: Are you related to me?  You might as well have described MY mother, and the idea that I may be responsible for her has been weighing on me recently.  I even helped her make a budget last summer, and less than twelve hours later she blew it by at least $200.  She simply does not want to learn how to live within her means.  I haven&#039;t seen any indication she is willing to change.

It&#039;s going to be UGLY in about 10-15 years.</description>
		<content:encoded><![CDATA[<p>Joshua: Are you related to me?  You might as well have described MY mother, and the idea that I may be responsible for her has been weighing on me recently.  I even helped her make a budget last summer, and less than twelve hours later she blew it by at least $200.  She simply does not want to learn how to live within her means.  I haven&#8217;t seen any indication she is willing to change.</p>
<p>It&#8217;s going to be UGLY in about 10-15 years.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Joshua</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131260</link>
		<dc:creator>Joshua</dc:creator>
		<pubDate>Thu, 27 Mar 2008 02:31:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131260</guid>
		<description>HOLY COW!! I cannot believe this load of bull.  I am in no way responsible for my parents idiotic decisions.  I would provide for my mother&#039;s most basic needs, but I mean basic.  The reason I say this, while I love my mother and would never want to see her in dire straights, I also watch her getting manicures every other week, eating out all the time, buying which ever new toy or gadget she decides she wants, etc.  She is so far in debt and its ALL her fault.  She has made one enormous horrible life altering decision one right after the other.  I have beaten my brains out trying to help her.  I&#039;ve tried talking with her about finances, budgeting, saving for purchases instead of using credit, (as well as the many health issues she has) and do you know what I ALWAYS get in return?  &quot;You&#039;ll always have a car payment&quot; and &quot;I just can&#039;t do that&quot; or &quot;Those are just little things, I need to find out what the actual problem is and fix it&quot;(rather than take small steps to relieve the symptoms, she&#039;d rather suffer with them until the doctor cures the undiagnosible problem completely).  The point is, children CANNOT LEGALLY take responsibility of their parents decisions, so they sure as heck should not be held responsible for their consequences.  

And just on a side note, the person who said SSI and such were created to fill a need and haven&#039;t messed things up; the goal may have been to help, but when the government takes control, the proverbial crap hits the fan.</description>
		<content:encoded><![CDATA[<p>HOLY COW!! I cannot believe this load of bull.  I am in no way responsible for my parents idiotic decisions.  I would provide for my mother&#8217;s most basic needs, but I mean basic.  The reason I say this, while I love my mother and would never want to see her in dire straights, I also watch her getting manicures every other week, eating out all the time, buying which ever new toy or gadget she decides she wants, etc.  She is so far in debt and its ALL her fault.  She has made one enormous horrible life altering decision one right after the other.  I have beaten my brains out trying to help her.  I&#8217;ve tried talking with her about finances, budgeting, saving for purchases instead of using credit, (as well as the many health issues she has) and do you know what I ALWAYS get in return?  &#8220;You&#8217;ll always have a car payment&#8221; and &#8220;I just can&#8217;t do that&#8221; or &#8220;Those are just little things, I need to find out what the actual problem is and fix it&#8221;(rather than take small steps to relieve the symptoms, she&#8217;d rather suffer with them until the doctor cures the undiagnosible problem completely).  The point is, children CANNOT LEGALLY take responsibility of their parents decisions, so they sure as heck should not be held responsible for their consequences.  </p>
<p>And just on a side note, the person who said SSI and such were created to fill a need and haven&#8217;t messed things up; the goal may have been to help, but when the government takes control, the proverbial crap hits the fan.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mrs. Micah</title>
		<link>http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/comment-page-1/#comment-131259</link>
		<dc:creator>Mrs. Micah</dc:creator>
		<pubDate>Thu, 27 Mar 2008 02:15:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.mightybargainhunter.com/2008/03/26/turn-away-spendthrift-parents-at-your-own-peril/#comment-131259</guid>
		<description>Jacob has an important point about children not really getting to choose to have parents. They also didn&#039;t get a chance to raise those parents so they have no control over how their parents act.

As for whether or not one could/should turn them away, I think that&#039;s entirely situational. But I plan to be responsible (if I&#039;m even a parent) and do my best not to become a burden on my kids. My parents have done the same as my grandfather did...which is good. My grandmother is only a small burden on her kids. Micah&#039;s parents have never had any money. They&#039;ve always flirted with the poverty line and bankruptcy (not spendthrifts, but some bad life decisions). I don&#039;t know how that will play out.</description>
		<content:encoded><![CDATA[<p>Jacob has an important point about children not really getting to choose to have parents. They also didn&#8217;t get a chance to raise those parents so they have no control over how their parents act.</p>
<p>As for whether or not one could/should turn them away, I think that&#8217;s entirely situational. But I plan to be responsible (if I&#8217;m even a parent) and do my best not to become a burden on my kids. My parents have done the same as my grandfather did&#8230;which is good. My grandmother is only a small burden on her kids. Micah&#8217;s parents have never had any money. They&#8217;ve always flirted with the poverty line and bankruptcy (not spendthrifts, but some bad life decisions). I don&#8217;t know how that will play out.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

