Since last few decades, the number of nuclear families in India are rising. More and more old parents are either finding themselves penniless and in shabby old-age homes or they are physically abused and thrown in one corner of the home that they had built.
Recently, I came across an old lady in old-age home. She widowed at the age of 35 and she single-handedly raised her son. She forked money for his engineering as well as marriage. She retired and turned all her savings over to her son to manage. After 5 years, son and daughter-in-law moved out. The lady's savings were lost in bad investment. She had to sell her house and move in the old-age home.
I asked the son why did he move out. He said now he had his own family and he really couldn't afford the rising medical costs of his mother. And anyway, everybody in India was going global. Children all over the world have started living separate from their parents. He wasn't doing anything new.
Well, now I've one point. In other parts of the world, the children who aren't going to stay with their parents are also not going to ask their parents to pay for their college education. They also aren't going to have lavish weddings paid by their parents. First you need to become financial independent from 18. ONLY then you can leave your aging parents alone.
Right now what I'm seeing is, first children rob their parents of their money in the name of college education, cars in colleges and lavish weddings. And when parents retire thinking now it's their children's turn to take care of them, their children move out.
What do you guys think? I'm thinking to turn this into a blog post.
Reason: Polished.
