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Who Cares? Boomers Don’t Want to Live With Their Adult Kids, Either
Posted By Sally Abrahms On October 2, 2013 @ 12:11 pm In Take Care | No Comments
Guess what Millennials? Your boomer parents aren’t dying to move in with you if they need care in retirement. That’s one of the takeaways of a new study. (With three young adult children, that’s what first caught my eye!)
Bankers Life and Casualty Company’s Center for a Secure Retirement surveyed 1,299 Americans ages 49-67 (boomers) with an annual income of $25,000-$75,000 to find out their views on their future as recipients of care. In the study, boomers say that in the past retirement care has meant depending on family, nursing homes or living with their kids.
In the future, boomers expect to be much more independent than previous generations. They think they’ll use remote technology monitoring (78 percent) and independent living communities (78 percent), among other ways to stay self-reliant. Another interesting statistic: 84 percent say they’d prefer to have care at their own place as opposed to a nursing home (11 percent) or care at one of their children’s homes (11 percent).
When they need help with personal care (bathing, dressing), boomers would rather rely on a home health aide than their kids.
Other findings from middle-income boomers:
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