HEALTHFORTUNE
Millennials say they’ll refuse to care for aging Boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
Millennials express online resistance to caring for aging Baby Boomers but increasingly shoulder unpaid caregiving duties due to financial and structural pressures. Data shows a 32% rise in family caregivers since 2011, with adult children comprising 40.7% of caregivers, while multigenerational households grow due to economic necessity. Smaller family sizes and geographic dispersion limit shared caregiving responsibilities.
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- As baby boomers turn 80, caregiving is the unexpected job more Americans face
- The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
- Caregiving Crisis: Nearly 1 in 4 US adults serve as caregivers for relatives with complex needs
- Caregiving Crisis: Nearly 1 in 4 US adults serve as caregivers for relatives with complex needs
- Worried about your aging parents? Welcome to the caregiving club