September 18, 2009, 11:15 am
Going Broke Caring for Aging Parents
By Tara Parker-Pope
About 30 percent of adult children in the United States contribute financially to their parents’ care for everything from uncovered medical expenses to making sure the refrigerator is stocked each week, writes Walecia Konrad in today’s Patient Money column. But in the face of longer life spans and chronic illness, the costs of an aging parent can mean financial peril for the rest of the family.