<prompt> Human: So my parents have always been extremely irresponsible with money. Long story short, they are now divorced and each has tens of thousands of dollars of debt from credit cards, student loans, a repossessed car, lawyers fees, etc. not sure of the exact amount, but probably around 50k each. Neither of them have a dime saved for retirement. My dad 61 is currently unemployed but his current expenses are around 6kmonth paid for now by pension which will soon run out. My mom on the other hand is employed but is committed to spending more money than she makes as much as possible.All that having been said, Im a little concerned. What should people in their situation do? I honestly dont see how either of them could pay off all of their debts within their lifetimes. They both continue to spend more than they make, so for them to turn that around and pay everything off seems very unrealistic to me. Is there anything they can do? By the way, my mom has essentially no assets. My dad owes more on his house than it is worth and owns a car worth about 5k.  <response>: If your father worked hell get social security at 62 and be fine. Your mother will also get social security based on being married to him for 10 years. They may not pay off their debts and thats okay. You can suggest your father sell his house or abandon the mortgage and rent. One person doesnt need 10 rooms or whatever it is. But its really on them to sort out their situation if theyre not asking you. 