Jun 2, 2012

Preparing For A Future That Includes Aging Parents

One of every six American families now lives in a multigenerational household (two or more generations over 25 years old). That's a huge increase over the last few decades.

Alzheimer's Reading Room
Figuring how to afford care for your confused, elderly father? That one may never cross your mind — at least, not until you need more money to care for him.

"Never thought about it," Natasha Shamone-Gilmore, 58, says about her younger self. "Never ever."

She thinks about it a lot these days. Shamone-Gilmore, a computer trainer in Maryland, now shares a modest home with her husband, 24-year-old son and 81-year-old father.

Like millions of other middle-aged Americans, she had long regarded her parents as robust adults, more than capable of managing their own affairs. "My mom was a very active woman; my dad ... was a Safeway employee for 40-something years," she said.

But time does what it does, and today, her father needs a caretaker. So she has had to step into that role and figure out how to make it all work financially.

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Preparing For A Future That Includes Aging Parents

Preparing For A Future That Includes Aging Parents -- Listen to the Audio version

Preparing For A Future That Includes Aging Parents -- NPR Transcript


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Original content Bob DeMarco, the Alzheimer's Reading Room