Well, since we're talking Filipino Culture, I've never really understood the Pinoy culture of relatives being responsible for each other financially. Na kung sino ang may pera obligadong tulungan ang mga kamag anak na kapos palad.
My parents have always taught us that when we grow up, we are only responsible for ourselves and the children we bring to the world (not that I have to worry, I'm gay).
So my parents, they have never asked me to be financially responsible for them when they grow old, the same way that I have never asked them for pamana when they die.
Sabi ng dad ko, "Ang anak, hindi investment or negosyo na may returns kapag nagkatrabaho na or nagkapera.".
I give gifts to my parents out of love, never out of obligation. And it feels so much better that way. Genuine yung gratitude because you know they don't expect it from you.
Anyway, just my two cents. 🙂