Your kids are NOT your retirement plan

I feel like some parents only have kids as a rebound for all of their poor life choices. We’re forced to go to school, get good grades, are expected to somehow pay for college on our own, make 6 figures out of nowhere and help our parents financially because they failed to do it themselves. Not to mention we are in a terrible economy. A lot of parents in the world need to get rid of this golden child fantasy. Just because you raised and sacrificed so much for your kids, doesn’t mean they owe you anything. That’s what YOU chose to do. A liability is not an investment. I’m not being cruel or anything. If my comment upset you, please feel free to block me or just ignore it.

2:08 Alot of boomers don't realize that there is a very high chance that their child will end up being average, not being a high income lawyer or doctor, just an average corporate slave. These individuals will be struggling to take care of themselves financially and are expected to fund their parent's retirement.

Children should not be held accountable for a contract they had no chance to sign beforehand....

I hope Filipino parents can see this. It's a cultural thing. We go out of our way to earn for their needs, and even for their demands like expensive staycation, we are also their emergency fund. Most first born in the Philippines can't even get married because of this pressure. We pay everything from internet bills to foods to electric bills.

I dont have kids, but listening to a baby choosing not to be born breaks my heart

That's why alot of Asian parents try to trick their kids into believing that it's "immoral" to move out our their house while single, because if you're an adult individual who is not living with an intimate partner or living with your parents, you don't have to answer to anybody. Parents of such a mindset don't want to take responsibility for their own finances and spending habits and expect other people to do it for them, even if it's at other people's expense.

Really good topic, it is for sure a hard way to live if our parents see us as an investment. the amount of pressure and stress is something.

I needed to see this video. When I become a parent I want to set aside money for my retirement and live in a nursing home so my children can live their own lives and keep the money they make to support their dreams and future families. All I need is their visitation that's all or FaceTime calls.

There's one thing to give back to your parents who are at a point where they have a life changing event (sickness) or that can't do what they once could. It's a whole other thing to expect that that kid (probably adult now) who they supported for 18 years of their most vulnerable life is now financially responsible to care for their parents' 40+ years of "retirement," student debt, their housing and, if they now have one, family needs. Parent couldn't do it on their own, what chance does the kid have??

I would feel like I failed if I needed my children for retirement. Trying hard to be independent

Your videos are diamond man. You deserve millon views compared to all the crap youtube recommend

Children make the worst retirement plan. You know what is a good retirement plan? An actual retirement plan!

WHY IS THIS CHANNEL SOOOOO UNDERRATED

this needs more views.

I'm pretty sure this message resonates with every single Millennial and then some, especially those who are expected to raise the bar in wealth and opportunities for the next generation, and take care of the older generation. Life is unfair for the sandwich generation.

Not only many parents think this way, some relatives like aunts, uncles, and cousins, approach you, asking for financial support with the reason of being blood-related. And when you try to turn them down, the parents and relatives will be very upset and make you feel so terrible for not helping family members in their times of need. My inlaws and their relatives are doing this to their son (my DH) and me. With all their pressures, we now have gone NO CONTACT. The two of us have developed health issues relating to mental, psychological, and physical over decades of manipulatiive abuse. Our daughter told us years ago that her grandma doesn't love her because she doesn't look like her dad. (My MIL is a battered wife, and now she is senile and disabled.) Other inlaws spread nasty rumors to try to break our marriage. My DH finally realized this year, seeing the truths.

I want my children to live their lives and be on their own. I don't want them to live with me when they are adults. It's not fair to them.

really good video, hope it gets a lot more views!

If we think about the needs of mankind, there is a case for lesser number of children. Imagine a scenario where each generation has more than 2 kids, I do not think that is a sustainable strategy for our species. There’s a lack of resources (already), lack of good jobs (lots of shitty ones), lack of space… so unless we really start to be interplanetary, robust population growth right now, is not productive. If we look at developed vs developing countries, it is also clear that kids are used as a form of investment. This is a mentality where having more kids is equated to having more wealth because kids can help out on your farm (for free) and your own business (for free). However, in developed cities, where most households are working for corporations or the government, having more isn’t always necessarily productive (as a family unit).

This is horrible to do to a child.