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Gen Z Only Children and the Financial Burdens Awaiting as Parents Live Longer

Columnist08 Feb 2026 10:59 GMT+7

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Gen Z Only Children and the Financial Burdens Awaiting as Parents Live Longer

An unavoidable burden... though it can't be avoided, it can be eased if the conversation starts today. As Thai society fully transitions into an "aging society," the term longevity may sound like good news.

But for some people—especially "only children"—it may come with an increasingly heavy question each year: "Can we handle all this care?"

Longer life ≠ less burden.

Today, Thai people live longer on average. At the same time, the cost of living, medical expenses, and inflation have also surged ahead. One child must care for two parents (and sometimes more, in families where parents have separated and each has a new partner). This is especially true in families where parents haven't prepared financially or planned their retirement.

Because in their generation, financial knowledge may not have been as accessible or openly discussed as it is now.

Hard work equaled security, and dedicating oneself to the "child" was a major life focus, sometimes at the cost of neglecting their own retirement planning.

Only child... with a burden no one else shares.

In families with siblings, the burden may be divided among them. But for an only child, the situation is different.

  • Finances
  • Decisions
  • Caregiving
  • Worries

Everything falls on one person. Some only-child families face a life jackpot, having to care for six elderly relatives at once—father, mother, grandfather, grandmother, maternal grandfather, and maternal grandmother—all living longer simultaneously. This is not drama but a “real-life challenge” increasingly common (even when the elders have saved or planned retirement funds, managing various issues often still falls to the only child).

Increasing burdens... may not come from low income but from “never having talked about it.”

What exhausts many children the most isn't the numbers in the bank but the “uncertainty”: Do parents have enough retirement funds? Are there debts or obligations never mentioned? If seriously ill one day, where will the money come from? How much preparation is enough?

These questions often remain unspoken, out of fear of upsetting anyone, seeming unfilial, or facing truths no one is ready to accept. But not talking quietly makes the burden “grow heavier and heavier,” waiting until it’s too late to fix.

When parents haven't planned retirement,

children's own life plans may have to be put on hold. Many want to care for parents but must trade off with

  • delayed plans for starting their own family,
  • postponed home purchases,
  • slower savings for their own future,
  • or unseen chronic stress.

Financial burden often comes with emotional strain, especially when children must be the “pillar” with no alternatives.

This issue isn’t just one person’s but concerns the “whole family.”

Caring for the elderly isn’t solely the child’s duty, nor should it be a burden carried alone. The most important thing now is to reassess the overall situation and begin honest conversations.

  • Talk about assets and existing obligations.
  • Discuss future expenses.
  • Clarify each person's role.
  • Converse with understanding, not fear or blame.

Conversations today may not immediately lighten the load but will help prevent it from becoming "too heavy" in the future.

Thought-provoking questions for only children (and families).

  • If one day parents fully depend on us, how ready are we—financially and emotionally?
  • Have we truly discussed this, or are we just hoping to "deal with it later"?
  • If planning doesn’t start today, what will the burden look like 10–20 years from now?

Family finances are not the private matter of any one individual.

Especially as Thailand enters an aging society, people live longer, and inflation never shows mercy.

Clear conversations starting today may be the best gift a family can give—before the burden becomes too heavy for anyone.

Read more on personal finance and financial planning with Thairath Money to help you "Achieve Good Finance, Good Life."https://www.thairath.co.th/money/personal_finance

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