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Coping with Caregiver Costs
More Americans are facing rising caregiver costs. The financial challenge of caring for an aging parent can also create caregiver stress. Don’t allow caring for an aging parent or spouse to become a crisis. Nearly 10 million adults over the age of 50 provide care or financial support for aging parents….The cost of providing care for a loved one — whether an ailing spouse or elderly parent — can be daunting. Beyond medical expenses, such as in-house or nursing home care, it can also include lost income due to the large time commitment….There is some good news. There may be ways to provide for an aging parent or loved one without jeopardizing your finances now or in the future. Here are some strategies to consider. Read More…
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