3 Fast Facts: How Adult Children Help Out With Long-Term Care

Fact #1:  

17 percent of adult children will serve as caregivers for their aging parents.

Fact #2:  

Those who do help out with caregiving will spend an average of 77 hours per month, which can “strain both their finances and their health,” says a recent study by the Center for Retirement Research at Boston College.

Fact #3:  

As baby boomers move into their 80s and need more help, the caregiving burden on their children will become an even bigger concern.

Source: Center for Retirement Research at Boston College

 

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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