Money

Helping Aging Parents

A study finds kids are willing to step up

Do you wonder if your kids will have your back when you’re older? Apparently the answer is a surprising yes.

 

That’s the good news in a conversation many people are having these days — around aging parents — that comes courtesy of the third biennial “Fidelity Investments Family & Finance Study.” Less heartening is that nearly 4 in 10 families seem to be suffering from what can only be described as — hats off to “Cool Hand Luke” for this — a failure to communicate.

Let’s start by paying homage to at least certain offspring and giving them their due credit:

  • While 93 percent of parents felt it would “unacceptable” to become financially dependent on their kids, 70 percent of the adult children had no qualms about opening their wallets.
  • Children were much more likely to expect that they, or a sibling, would care for an ill parent than their moms and dads were (47 percent vs. 11 percent).


Are you enjoying AgnitusLife.com?
Give us a LIKE and SHARE With Your Friends Now!

Our Mission

Agnitus: (Latin) — Recognition, acknowledgement.

We are committed to the idea that those of us in our mature years have a long way to go. We have the resources of time and money — but also a sense of purpose. We still want to explore, pursue new paths, and create new adventures; we celebrate our lives rather than just muddle through them. Agnituslife.com strives to be a dynamic platform that provides information you won’t find anywhere else, and that will help you continue to expand your horizons.

Stay up to date at Agnitus Life

See all the latest on "Bringing Excellence and Excitement to life after 60"!

Copyright 2018 | Created by AgnitusLife.com | Powered by Fortyo5 Inc