Ask a money coach: 'My ageing parents are in financial trouble. I've given them almost 35,000, but they keep asking for more'

The author expresses frustration over their parents' financial situation, which has evolved from independence to dependency. Initially set for a comfortable retirement, their parents made unwise investment decisions that have now resulted in significant financial strain. Consequently, they have begun to ask their child for money on a regular basis, leading to feelings of obligation and concern, altering the dynamics of their relationship.

The situation has escalated to a point where my parents now expect financial assistance from me, despite their previous financial independence and stable retirement plans.

While my parents had established a comfortable retirement, their poor investment choices have left them struggling financially, which adds pressure on me to help out.

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