A USA Today article Boomers expect to work longer, can't afford to quit reports that Boomers have fewer children and are less likely to be married, leaving them fewer options if they need help in their old age.
There are more than 37 million Americans 65 and older, a number that is expected to nearly double by 2030, according to the Census Bureau.
While the article focused on why Boomers will need to work longer, it did not really discuss the related caregiving issues. For example, because Boomers tend to have only one child (and my guess is most of these children will live more than 50 miles from their parents) they will need home care services as they age - yet, will they have the financial means to afford such services? And, many of these Boomers currently in their sixties still have living parents who need care - yet, if the Boomers themselves still need to work, they are less able to care for their parents.

Comments