Adult children spending time and money on their parent’s care has tripled

According to MetLife's National Health and Retirement Study, the percentage of adult children spending time and money on their parent's care has tripled in the last decade and a half. This comes as no surprise to me, as I see the rising long-term care costs, the economic downturn, and failure to plan ahead for senior care places. Therefore,  many families are in tough situations when a loved one ages and needs extra day-to-day care. The MetLife data found that roughly a quarter of all adults are currently providing at least some financial assistance to their parents. A similar survey from…

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