When I was doing my parents taxes, I noticed that they are in about $45,000 in credit card debt. I have never talked about it with my Dad, but he seems to think that everything will be ok since he get a nice pension and they will have Social Security on top of a 401(k). I think they are both responsible for the large amount due to vacation, education and other expenses. Should I try to help them out or is it more likely to blow up in my face?
Oh, I should mention that my parents make more than six figure, so on paper, it would be very easy to pay off the debt. They also took out a mortgage (their house had been paid off) to pay off consumer debt about a decade ago and the debt has creeped back up.