Taking Care of Parents Also Means Taking Care of Finances
Here is a great article from the New York Times. If you are in need of assistance for an aging senior in Northbrook, IL visit us at www.openarmssolutions.com.
About 30 percent of adult children in the United States contribute financially to their parents’ care, according to the Pew Research Center. On average these children pay $2,400 a year on everything from uncovered medical expenses to making sure the refrigerator is stocked each week. The money often goes to parents who diligently saved all their lives, but in the face of longer life spans and chronic illness, the savings just isn’t enough.
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