May 12, 2018

14 Personal Finance Facts and Myths: Do You Know the Difference?

PARENTS ARE MORE LIKELY THAN THEIR ADULT CHILDREN TO THINK IT’S IMPORTANT TO TALK ABOUT FUNDING ELDER CARE.

False

In a survey, 74 percent of adult children said it was important, compared with 52 percent of parents. “This finding reflects the fact that, for many of us, it’s unpleasant to talk about elder care if you’re the one who’s going to be the elder,” Mannes says. “We all like to think of ourselves as independent and vital, and it’s no fun to think about yourself as being dependent on others. … This is acknowledging that your traditional roles — the caretaker parent and the child who can’t get along without that parent’s help — might be reversed.”

Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next

Click Here to Leave a Comment Below

Leave a Reply: