Update: 19-year-old refuses to give 47 and 49-year-old parents his $5.3 million dollar lottery winnings: 'They felt entitled to half.'

Advertisement
  • Teenager holds hundreds of dollars, questioning what to do with the winnings, as a model depicts.
  • AITA for not giving my parents half of my lottery winnings?

    Context: I won approximately £4M earlier this year from the Lotto. Currently the money is diversified into several index funds. I was planning on giving them £750,000 as a thank you but when I mentioned that as a 'counteroffer',
  • they got mad and started calling me selfish. I'm 19M, my parents are 49M and 47F. Without going into too much detail and making this longer than necessary, I only waited around a week before I told my
  • parents. They were excited and so was I, it was all going fine until they started talking about the money as if it was theirs. They were talking about retiring, going on holiday, buying a boat and new
  • Teen writes down options on pen and paper and he struggles to figure out what to do with his lottery winnings, as a model shows in a representation.
  • car, travelling the world, etc. I asked them how much they expected to have, stone cold face they say half. I understand that with giving half, having £2M left is already enough but. why should they be entitled to that.
  • I know they're my parents and we've had a great relationship. To me, £750,000 seems like it's enough as they already have their own savings and a payed off mortgage.
  • Teenage son tries to decide what to do with his lottery winnings as he stands with his Mom, Dad, and sibling, as represented by models.
  • So, am I the a hole for refusing to give my parents half of my winnings?
  • Different types of currency, including US dollars and British pounds, in a representation.
  • The 19-year-old read up on the advice that people gave, and replied with a clear head

    EDIT: I posted this and went to sleep, didn't expect it to blow up the way it did. I want to thank everyone for giving me advice and some insight on the situation. I'll do my best to reply to any DM's I've got as well as the comments. To clear
  • something up, I saw a few people talking about tax, since I live in the UK, lottery winnings are not taxed so I got the full amount. I may have not clarified this in the post but my parents did not accept the £750K and insisted the original
  • amount (£2M). This argument has been going back and forth for some time now but a lot of the comments I read mentioned I should lower my offer instead of just letting them try to control me. I've thought about what I can do and they're
  • still my parents so I still do want to give them a portion of my winnings despite the fact they felt entitled to half. And for the reason why I told them instead of keeping it. a secret, I'm young and I was excited so I only saw it as a positive thing.

Tags

Scroll Down For The Next Article