Tough Talk for Adult Caregivers of Aging Parent(s) By Eve Kaplan, CFP® Practitioner

Here are some startling statistics regarding the prevalence of a somewhat ignored subset of the US population: adult children caring for their aging parent(s).

Did you know approx. 21% of our adult US population (44.4 million people) are caring for their parents in some capacity? As our population ages, we see that more than 50% of 60 year olds in this country have at least 1 living parent. The average adult caregiver in the US is 46 years old. Nearly half juggle 40+ hour work weeks (and running their own households) with an average of 8 hours/week of care for a parent or loved one. Although the average span of care giving is 4.3 years, 30% of caregivers have been doing so for 5+ years. This process rarely runs smoothly – and rarely isn’t burdened by irritation, impatience or resentment.

Here are some tips for making this process go as smoothly as possible:

via Financial Guest Opinion Column – Tough Talk for Adult Caregivers of Aging Parent(s) By Eve Kaplan, CFP® Practitioner – TheAlternativePress.com New Jersey.

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