“Caring for elderly parents can put a dent in your budget”

Caring for elderly parents can put a dent in your budget,” by Sarah O’Brien, CNBC

Quote:

  • “The biggest monthly expenses for caregivers are medicine and medical supplies ($273), food ($159) and personal-care items ($151).
  • About half of current and past caregivers did not know in advance that they would be stepping into that role.
  • In advance of finding yourself in that situation, whether expected or not, it’s worth having a conversation with your parents about how they envision their care if they reach a point where they no longer can care for themselves.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):  Sound advice.

Caring for elderly parents can put a dent in your budget

#elderly
#budget
#goldencareagent