Refusing Financial Aid to Parents: Right or Wrong?

After completing my master’s degree and securing a promising career, I’ve come to a challenging crossroad involving my family. Throughout my educational journey, my parents didn't offer financial support. Despite living a lifestyle filled with vacations, new vehicles, and home upgrades, they insisted if I wanted higher education, the financial responsibility was entirely mine. This stance forced me to balance part-time work with student loans to afford my studies.

Years have passed, and now as retirement looms, my parents expect financial support from me due to their inadequate savings. Recently, my patience wore thin, and during a heated conversation, I expressed my frustration. I reminded them of their financial decisions during my struggles with education and told them they should have planned better for their retirement instead of indulging in luxuries. I made it clear that I am not their financial backup plan and that they need to sort out their retirement issues as I had to with my education.

My confrontation left my mom in tears; she claimed they had sacrificed a lot during my childhood, and now it seemed like I was abandoning them. My dad labeled me ungrateful and selfish, throwing in the guilt-laden reminder of their 18 years of upbringing. My siblings have joined the fray, labeling me heartless for not aiding our parents, pointing out that I am better off financially compared to them. Regardless, I feel that they need to face the consequences of their choices.

The situation escalated further when I declared I wouldn’t provide care for them in their old age, regardless of their financial or health status in the future. This stance has shocked my siblings, with some arguing that it’s too harsh, but I am resolved to maintain my decision.

Considering if my story were to unfold on a reality TV show, the viewer's reaction could be intensely polarized. Some might view me as cold and unforgiving, while others could see me as a symbol of tough love and personal boundaries. Reality TV thrives on conflict and dramatic emotional exchanges, so such a storyline might draw a considerable amount of attention and debate among viewers, potentially making it a central theme of the show.

Am I wrong for denying my parents financial support for their retirement?

Should I financially support my parents in retirement?