Taking care of parents is the way the baby boomer generation repays them back for their upbringing, it said. The payback could also be measured since the survey respondents said they spent an average of $6,000 annually to care for their parents.
Photo as illustration courtesy rmtracking.com
Taking care of parents, according to they survey, could be through involvement in daily activities, providing companionship, accompanying the parents to appointments or social events, making investments or helping in financial decision-making and doing household chores.
Most of the respondents, or 56 percent, said the extra time they spent improved their bond with their aging parents.
The Investor Group, as a financial consulting firm, includes among its retirement readiness services planning for the provision of a caregiver to a family member who would need one. Aside from the basics of caregiving such as medical information, personal schedules and auxiliary services, the company recommends dealing also with financial issues like having a Power of Attorney, up-to-date will, tax planning and long-term care insurance. [rc]
© 2009 AHN
October 20, 2009
CANADA: One in Three Middle Aged Canadians Taking Care Of Elderly Parent
.
WINNIPEG, Manitoba / AllHeadlinesNews.com / October 20, 2009
One-third of middle-aged Canadians are taking care of their elderly parent, a study released Monday by the Investors Group said.
A survey of 500 Canadians between 43 to 63, says about 69 percent still had a living parent or parent-in-law and 35 percent spend an average of 42 hours a month to care for them. For those whose parents live in another area, they travel an average of 225 kilometers monthly to provide the care.
Taking care of parents is the way the baby boomer generation repays them back for their upbringing, it said. The payback could also be measured since the survey respondents said they spent an average of $6,000 annually to care for their parents.
Photo as illustration courtesy rmtracking.com
Taking care of parents, according to they survey, could be through involvement in daily activities, providing companionship, accompanying the parents to appointments or social events, making investments or helping in financial decision-making and doing household chores.
Most of the respondents, or 56 percent, said the extra time they spent improved their bond with their aging parents.
The Investor Group, as a financial consulting firm, includes among its retirement readiness services planning for the provision of a caregiver to a family member who would need one. Aside from the basics of caregiving such as medical information, personal schedules and auxiliary services, the company recommends dealing also with financial issues like having a Power of Attorney, up-to-date will, tax planning and long-term care insurance. [rc]
© 2009 AHN
Taking care of parents is the way the baby boomer generation repays them back for their upbringing, it said. The payback could also be measured since the survey respondents said they spent an average of $6,000 annually to care for their parents.
Photo as illustration courtesy rmtracking.com
Taking care of parents, according to they survey, could be through involvement in daily activities, providing companionship, accompanying the parents to appointments or social events, making investments or helping in financial decision-making and doing household chores.
Most of the respondents, or 56 percent, said the extra time they spent improved their bond with their aging parents.
The Investor Group, as a financial consulting firm, includes among its retirement readiness services planning for the provision of a caregiver to a family member who would need one. Aside from the basics of caregiving such as medical information, personal schedules and auxiliary services, the company recommends dealing also with financial issues like having a Power of Attorney, up-to-date will, tax planning and long-term care insurance. [rc]
© 2009 AHN
