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Supporting Parents Financially

Should Successful People Financially Support Their Parents?

We were all touched when YouTube star Michelle Phan told us she has achieved her dream of making enough money so her mom doesn't have to work. Although it worked out well for them, this arrangement doesn't always have a happy ending. Sometimes, financially supporting your parents (especially when you're a huge success) can cause a lot of complications.

Leighton Meester's messy money problems with her mom recently came to light, when she accused her mother of using money meant for Leighton's brother's medical bills on plastic surgery and Botox. The Gossip Girl actress had been sending her mother $7,500 a month to cover her brother's medical care. Frustrated with the situation, Leighton decided to sue her mother for custody of her brother. However, her mom says she will sue Leighton for $3 million unless the actress agrees to provide her with $10,000 a month.

It's definitely a really noble gesture, but I can see how the situation can get ugly. I guess it's a risk people have to take when choosing to help their parents out with money issues. What do you think — should people support mom and dad if they can afford it?

Image Source: Getty
Join The Conversation
amber512 amber512 5 years
I think it totally depends on the individual situation. If the person giving the money doesn't feel taken advantage of and the person receiving the money is grateful I could see it working.
RoaringSilence RoaringSilence 5 years
The answer is easy: If they deserve it. Of course I don't know what exactly is going on with Leighton Meester's family, but I do remember reading that she did not come from a very happy place. And if someone comes from an abusive household or anything like that, they do not owe their parents any more than they owe anyone else in the world. I also wouldn't want to support my parents so much that they wouldn't have to work any more, and neither would they. Parents always give more for their children than they receive back (at least in time and money), and that's alright. You just pass it on, that's how the world turns.
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