Do adult children owe parents financially?

Scarlett asks about parents with no retirement; Dave says no moral obligation but offers ways to set boundaries.

Play episode from 10:59

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Episode notes

Dave Ramsey and Ken Coleman answer your questions and discuss:

“My parents just told me they don't have anything saved for retirement”
“I’m 54 with $23,000 of debt and have nothing saved for retirement. Will I ever be able to retire comfortably?”
“I’m $17,000 underwater on my van, should I sell it?”
“We have $83,000 of debt, and our loan officer is telling us to refinance our home to pay off our debt”
“Should I take out a Small Business Line of Credit to buy an investment property?”

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