Just in time for Caregiver Awareness Month, AARP has released a survey about those who are doing most of the caregiving – boomer women. Turns out these women are talking to their parents about how they want to live as they get older, but not enough are actually doing the planning. Nearly 70 percent of these women also believe their parents can afford their care, but the reality is that a nursing home can cost as much as $75,000 a year and a private home health aid about $19 an hour.
What does all this mean? It means it is not enough to have the conversation, it’s time to get a plan.
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