Finance1 min read

When caring for aging family members becomes cost prohibitive

By · Via NPR · Published by Everything Blog

In short

Recent findings from an AARP report show that household caregivers are now paying significantly more out of pocket than they did five years back. The escalating prices for care and senior living facilities have created severe financial friction for people tending to aging relatives. Journalist Paula Span has evaluated the consequences of these financial barriers alongside alternatives for families managing excessive care costs. Further reporting on the subject will be made available through an audio release scheduled for later today.

Key points

  • Rising expenses for senior living are putting substantial financial strain on family care…: Rising expenses for senior living are putting substantial financial strain on family caregivers.
  • Families confronted with prohibitive care expenses must navigate a limited set of viable…: Families confronted with prohibitive care expenses must navigate a limited set of viable care options.
  • Supplemental audio coverage addressing prohibitive senior care costs will be released lat…: Supplemental audio coverage addressing prohibitive senior care costs will be released later today.

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When caring for aging family members becomes cost prohibitive

Audio will be available later today.

AARP reports family caregivers are spending 60% more than they were five years ago. Journalist Paula Span discusses the rising costs of caregiving and senior living, and the options available to us.

Finance