Are More Baby Boomers Serving As Caregivers to Parents?

Retirement planning should include the consideration of caregiving for a parent.  The very old are the fastest growing segment of the population and more baby boomers are finding themselves with unexpected responsibilities.

America’s Healthcare Challenge is a radio program has been informing national listeners since 2012 of how the aging population, changing laws and other factors are affecting them financially. We answer to your questions in the program produced by E.D. Bellis.

In this week’s show, we encouraged listeners to submit questions to be answered live on the air.  Here is a common one that impacts the millions of baby boomers.

Question:
I am 68 and am a Caregiver to my aging mother who is 91. When my husband & I retired, we thought we would have greater freedom. We don’t have a life because we are caring for my aging mother. Are we alone in this, or are we part of a much larger problem?

Answer:

Insights:

  • The longer life-expectancy and growing numbers of aging Americans and has changed retirement in the 21st century that includes caregiving for a parent.
  • The very old or those who are over 80 are the fastest growing segment of the population.
  • They are expected to increase 51 percent between 2010 and 2030.
  • These individuals are often taken care of by their children.
  • Sometimes there are older children that have worse healthcare problems than the parent.
  • Education is an important component as is seeking out certain state and local programs for help.

Where to learn more:

This episode of America’s Healthcare Challenge will give you more information on the subject.

About E.D. Bellis

The mission of E.D. Bellis and our network of consultants is to raise awareness about problems in healthcare and actively solve them. America’s Healthcare Challenge is the longest running radio show dedicated to educating listeners and offering peace of mind. Please enjoy your time with us and reach out to us to learn more about optimizing your healthcare experience.



Author: Sean McGuire
Sean McGuire is the host of America’s Healthcare Challenge on News Radio 1290 KOIL and the founder of E.D. Bellis. As a former health policy staff member for the U.S. Senate Finance Committee, he acquired unique experiences and an institutional knowledge of Congress, including an understanding of the politics behind the Affordable Care Act (ACA), also known as Obamacare, and unlike those who passed the law he has read the bill multiple times. After leaving Capitol Hill, McGuire served from 2009-2011, as the health reform consultant for the University of Nebraska Medical Center’s College of Medicine. He has spoken to groups of all sizes about the impact of health reform, has been interviewed by numerous media outlets, and has offered expert testimony at the Nebraska Unicameral. Sean McGuire is the President of the Omaha Press Club and a graduate of Marquette University.

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