Who Cares? Boomers Don’t Want to Live With Their Adult Kids, Either

Man lounges in a pool. Heat wave can be dangerous for boomers and seniorsGuess 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:

  • Close to three-quarters have no plan for their care and just 1 in 5 have a rough idea of how they will get care. Scary: 43 percent haven’t talked with anyone about their long-term care wishes and 56 percent haven’t discussed how they’ll pay for it.
  • While the U.S. Department of Health and Human Services predicts 70 percent of us will need long-term care, only 36 percent of survey participants think they will.
  • 88 percent say caregiving is harder than they had thought it would be, especially emotional strength, patience and time; 40 percent have been a caregiver to a spouse or parent.
  • Nine in 10 didn’t own long-term care insurance to help bankroll their retirement care and one-third did not know about it.


Sally Abrahms writes about aging and boomers, with a focus on caregiving, housing and age 50-plus work. Follow her on Twitter!