Many families are facing financial challenges as adult children struggle with housing unaffordability and high living costs. In this scenario, a couple in their 60s is asked by their son to support his family financially. The couple, still working and saving for retirement, are torn about contributing to their son's house deposit.

It's a common situation where adult children turn to parents for financial assistance due to rising costs. While opening their home to help their son save is a generous gesture, giving away money can have long-term consequences. Once a lump sum is gifted, it's usually irreversible, and changes in circumstances can impact the repayment.

Before making any financial decisions, it's essential to assess what can be comfortably given without compromising one's own future. Consulting a financial adviser can help in understanding the implications of a gift or loan on future income and lifestyle. It's crucial to establish clear expectations regarding repayment in case of unforeseen events like a breakup or financial instability.

Both partners should be aligned in their decision-making process to avoid any potential conflicts or regrets in the future. Seeking advice from a professional can provide clarity and guidance in navigating through these emotional and financial decisions.

Supporting family is important, but securing one's own financial future is equally vital to enjoy retirement and quality time with loved ones. It's essential to find a balance between helping others and safeguarding personal financial stability.