The Many Costs Of Elder Care

So many of us are taking care of our parents! We are known as the sandwich generation – taking care of our parents & our children at the same time. Just know that you are not alone!

Jacki Lyden in for Tom Ashbrook

The emotional and financial costs of taking care of elderly parents.

An increasing number of Americans are staying in their homes as they age and receiving care from a mixture of professional and family caretakers. (AP)

A new report belies the notion that Americans ignore the aged–in fact, some 61 million Americans care for a relative.

And if you added up all that unpaid labor, it would exceed Walmart’s total sales: 450 billion dollars.

Caring for the elderly at home is the ‘new normal,’ says the AARP. And its having a deep impact on our lives, as Baby Boomers empty their savings, and the phone rings at work: and its Mom, again. For the sixth time that morning.

This hour On Point: the caregiver’s dilemma.

-Jacki Lyden

Read the entire article here.

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