Thursday, June 08, 2017

Adult Children Who Care for Parents

At any given time, 6 percent of adult children are caring for parents who need help with Activities of Daily Living (dressing, bathing, walking, eating, etc.) and/or Instrumental Activities of Daily Living (taking medication, shopping, cooking, etc.), according to a Center for Retirement Research study. Here is the percentage of adult children who are providing care by age of adult child...

Aged 20 to 29: 3%
Aged 30 to 39: 3%
Aged 40 to 49: 5%
Aged 50 to 59: 6%
Aged 60 to 69: 10%
Aged 70-plus: 12%

Source: Center for Retirement Research, How Much Long-Term Care Do Adult Children Provide?

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