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theviewabudhabi 11-29-2016 04:28 AM

Retired Parent Question
What are the reason that in US for retired parents have to live with their children?

Funding Retirement 07-02-2017 07:42 PM

Re: Retired Parent Question
Age is a factor. Modern medicine has allowed people to live longer and longer, but their bodies or minds don't keep up, so the parents need help. It's very expensive to hire people to fit the needs of an elderly person and it's also expensive to pay for assisted living. So, the parents move in with one of their children - which is almost always their daughter. In my experience, most families enjoy living together like that and it can be mutually beneficial. But, it also illustrates just how important it is to start investing early and save for retirement.

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