“Over 50% Of Generation X Can’t Afford To Help Their Senior Parents,” Advisor Magazine
“To learn exactly how Gen X adult children are feeling about their parents’ financial state, AAG, a national leader in home equity solutions for seniors, conducted the Adult Children Survey with over 1,500 participants ages 40-55 who have senior parents. To read the full results of AAG’s Adult Children Survey, visit here.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Home equity to the rescue, just as we’ve long predicted. But that means Gen X inheritances will be subdued compared to the windfall their baby-boomer parents received. It also means Gen Xers will be highly motivated to take advantage of Medicaid’s huge home equity exemption when LTC looms ahead for their parents.
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