A Reddit user is dealing with his Baby Boomer parents who exhausted their retirement savings and faced potential homelessness. He took over their financial support, having them sell their home to eliminate debt and move to a smaller, more affordable place nearby. While assisting his parents, he works two jobs and manages his own financial responsibilities, including saving for his child's future. This situation highlights a widespread issue among Boomers who are often unprepared for retirement, compelling younger individuals to make tough decisions about their parents' support, alongside their own financial plans.
The Reddit user discovered his parents had spent all their retirement money, forcing him to support them while setting strict financial boundaries.
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