Non-judgmental Ethics Sunday: Should I Lend Money to My Irresponsible Parents?
Continuing my series of alternative responses to the New York Times column, The Ethicists, looking at the consequences of one's actions instead of imposing values on others, here is my take on today's post, "Should I Lend Money to My Irresponsible Parents?" My parents mismanaged their finances to the point of bankruptcy several years ago and are now in pretty significant mortgage arrears. Foreclosure looms. They seem to believe that $4,000 or $5,000 will "catch them up." Their monthly fixed-retirement income of over $6,000 should be fine to sustain them, but not with their uncontrolled spending and inability to face reality. The timing of this is about to coincide with a moderately expensive kitchen remodel at our own house. Should we write them a check…
