“The Impact of Cognitive Decline on Families’ Finances: RBC Survey,” by Emily Zulz, ThinkAdvisor
“The survey found that among those who provide financial support to an older relative, the average monthly contribution is $403. Twenty-two percent contribute $500 to $999, and 14% contribute more than $1,000.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
$403 a month could have bought the aging elder a very nice LTCI policy … before it became a recurring caregiver expense.