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Dear LFTP January 30, 2017 · 49:43 · 7 min

Dear LFTP: spendthrift retired parents and the Secular's answer

  • Should my siblings and I keep giving money to our retired parents, who live beyond their means and pay for a storage locker full of junk, or put our collective feet down?
  • Is it more generous to keep giving money to financially irresponsible parents, or to confront them and teach them to manage their money?

A host introduces a Dear LFTP listener letter: the writer and four siblings support their retired, fixed-income parents, who keep asking for money while taking short trips, inviting friends to dinner, and paying for a storage locker full of junk — should the siblings keep helping or put their collective feet down? The hosts debate enabling versus generosity, including whether 'schooling' 70-year-olds is loving, then read the Secular's answer: stage an intervention and make the parents live within a budget starting with the storage unit.

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