Isn't this a touchy issue ?
Give too much and the children might suffer financially. Give too little and their parents might not be able to maintain their current lifestyle.
Filial piety to some is about the commitment to take care of their parents when they need you and should not be measured by the amount of money you give them.
Another suggestion offer is that if parents are working and can comfortably support themselves, " the gesture of giving is more important than the amount itself".
We have another group, the "sandwich generation" - those who have one source of income but two sets of dependants' financial commitments to be fulfilled - aging parents and growing children.
Before one decides what amount to give your parents, one should have a clear idea of your own financial situation. Only then would you know how much you had in excess to meet various other financial commitments.
Other factors that affect your financial capacity to give an allowance to your parents include : income, expenses, the number of dependants that you have, and other financial goals such as housing, education and retirement.
In my next discussion, I have gathered some tips for managing your parents' finances
