Should Kids Look After Their Parents? Let’s Talk About It - Teach Me About Property

The Clip That Sparked the Conversation

Recently, a reel featuring finance expert Dave Ramsey made the rounds on Facebook — and it’s got people talking about kids and their parents. A big fan of Ramsey’s advice, the TMAP team respects his work on debt, savings, and financial independence. His “baby steps” program has helped millions take control of their money.

But this particular moment on his show raised some eyebrows.

The Caller’s Dilemma: Ageing Parents With No Savings

A caller rang in with a genuine concern. Her parents were nearing retirement with little to no savings, and she wasn’t comfortable with the idea of them moving in. She was looking for advice — maybe reassurance — on how to handle it.

Dave’s response? Ice cold:
“Why is it your job to take care of them?”

And he didn’t just say it once. He repeated it — direct, no fluff. The caller stumbled over her answer, trying to justify why she felt responsible, but Ramsey stuck to his view.

Is It Really That Simple?

This response left many people stunned. It brings up a real question:
What do we owe our parents — if anything — when they reach retirement and don’t have enough to get by?

For many, this isn’t just about money. It’s about values, love, and expectations.

Family Help Goes Both Ways

We often talk about the Bank of Mum and Dad — how parents help their kids get into property or stay on top of bills. But this flips the script. What happens when parents hit the income cliff in retirement and need you to help?

Should there be a Bank of the Kids?

Culture Plays a Big Role

Let’s be honest: a lot of how we think about this comes down to culture.

In some cultures, it’s cold. Everyone’s expected to fend for themselves — even family. But in others, looking after your parents is part of the family values. The love runs deep, and support is just what you do. It’s not even a question.

• Some people grow up knowing they’ll support Mum and Dad in old age.
• Others are raised with the belief that each person is responsible for their own life from start to finish.

Neither is right or wrong. But both are real.

So… What’s It Like for You?

That’s the big question. How does it work in your family?

• Would you help your parents in retirement if they needed it?
• Do you feel a responsibility to return the favour after everything they’ve done for you?
• Or do you think everyone should be accountable for their own future, no matter the circumstances?

Some of you might already be living this situation. For others, the time may come soon.

Let’s Hear Your Story

This one hits deep. So we want to know:
👉 What are your thoughts on helping your parents in retirement?
👉 Is it an expectation in your culture? Or more of a personal choice?

Share your story. Let’s open this up — no judgement, just real talk.