"Tough Conversation" With Mom And Dad
An estimated 44 million Americans are serving as caregivers for a loved one who is age 50 or older. That number has doubled in the last twenty years and is expected to triple in the coming twenty. As baby boomers are easing into senior age, it's likely they will spend more time caring for parents than they did their own children, not to mention helping to finance their parents' care.
According to data gathered from our national network of senior care providers, these costs may range from $800 to $8,000 per month. With the price tag of senior housing cumbersome for many Americans, it is critical to get organized about how you and your family plan to care for an aging loved one. And that starts with a conversation -- albeit a tough one.
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