I cannot remember where I read it, but there was a report that an increasing number of Americans are taking care of their elderly parents in their own homes or adding apartments to their homes.
“I cannot remember where I read it, but there was a report that an increasing number of Americans are taking care of their elderly parents in their own homes or adding apartments to their homes.”
I’m sure economics play a large role in that (while the elderly abuse stories don’t help). The same way young people are remaining in the nest out of necessity, we’ll see elderly parents moving in with their children; rather than have them provided with long-term care facilities, it would be much cheaper to have visiting nurses and the like tend to them.
Here in NJ it is very difficult for retirees to keep a home; while the state will freeze their property taxes, they are often already so high it doesn’t help much ($6K and up). Right off the bat they have to come up with at least $500 per month for property taxes.