
Bridging the Gap: Is It Right for Retired Parents to Keep Their Savings, or Should They Use It to Help Pay Off Their Child’s Debt?
Rising Costs and Family Tensions With expenses climbing, family finances often spark conflict. A recent case involves a 71-year-old retiree who chose to spend her savings on European travel and cruises instead of paying off her adult child’s credit card debt—stirring debate. A Child’s View: The adult child feels betrayed, seeing family as a financial…