Should You Support Your Parents Financially When They’re Older?

News & Views | Gerren Keith Gaynor | 12/11/2013 | 04:45 PM EST

Kandi Burruss says she’ll never stop spending cash on her mom

Kandi Burruss was brought to tears when defending her decision to financially take care of her mother, who is affectionately known as Mama Joyce on their reality show. The singer revealed that she and her mother were not on speaking terms because of the criticism her mother needing Kandi financially.

“As her daughter, it’s my job to make sure that she’s good. She made sure I was good growing up. I’m going to make sure that she’s good. I don’t care if she doesn’t like my relationship,” she said

“That’s my mom. I don’t care what y’all have to say. She can have whatever she want.”

Kandi’s heartfelt declaration speaks to a larger conversation about the reversal of roles between a parent and child, particularly when it comes to financial support. We all know that as parents get older, it’s generally the responsibility of the children to take care of them physically. But in some cases in which the adult child begins making considerably more money than their parents, there’s a general belief that they become more financially responsible for their parents. Some choose to buy their parents a house, a new car, or may offer to help take care of their bills.

However, is there a cap on how much you should take care of your parents? If you’re like Kandi, you more than likely see no harm in getting your parents whatever they want. It makes the most practical sense. Why not do for the very same person who took care of you before you had a nice salary and 401(k)?

There’s no true answer on how someone should spend their money on their own parent. However, if you have a spouse, it’s important to have boundaries or at least make sure that the both of you have an understanding. Should you take care of your parents financially as they get older? Why not? As long as your parents don’t get too greedy, there’s not much harm in it. Just make sure it’s financially wise for your pockets.

(Photo: Bravo TV)

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