Elder Care Cost: Who Pays? The Hidden Financial Burden on Gen X
Who is paying for all this? The elder care cost of helping aging parents goes far beyond assisted living and medical bills. Groceries, prescriptions, home repairs, travel expenses, in-home caregivers, and even lost wages can quickly become a financial burden for Gen X families.
In this episode of Aging Parent Trap X, Allison Newlon, Nikki Flynn, and Julie Cook discuss the hidden costs of elder care and the difficult question so many families face: Who is responsible for paying for aging parents' expenses?
Should siblings split elder care costs equally? Should the sibling earning more…
The skinny
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