📋 The Overwhelming Financial Toll of Family Caregiving (AARP Article)

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FROM THE ARTICLE: The Huge Financial Toll of Family Caregiving.

Caring for an aging parent can be rewarding. But the economic impact is often life-changing.

By Kimberly Goad, AARP.

Published February 12, 2025.

Not long after Carla Romagnano moved to Idaho to make a fresh start following a difficult divorce, she got a call from her parents back in Chicago: Romagnano’s mother had taken a nasty fall and broken her thigh bone. Her recovery would call for round-the-clock care, something Romagnano’s elderly father was in no shape to handle. With their daughter now living a few time zones away, the couple turned to in-home caregivers. After two years, however, they had drained most of their savings to cover the cost, and Romagnano was stepping in to help with expenses.

“I said to my dad, ‘We’ve got to make a change, sell the house, something,’” recalls Romagnano, now 60. “He said, ‘How about we come live with you in Idaho, and that way we can both take care of Mom?’"

USE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/caregiving/financial-legal/info-2025/financial-impact-caregiving.html