My husband and I were born in England, before, and after the war. This meant that we had very little. This made us very frugal over the years. After coming to America, we had friends, and family had needed help. We were generous, and ended up with $50,00 in loans.
We had one pay us back in full, and 3 that partly paid us. 2 went bankrupt on us, and we couldn’t do anything about it, and another was a family member, that doesn’t mention it.
This is the time in our lives that we could use the money, as I have a granddaughter at Oxford University, and my husband’s health costs keep increasing all the time.
Being generous is often a good thing, but remember that as you get older, those people who you helped out won’t be there for you. As they couldn’t pay, they stopped being your friends. Not your choice, but theirs.