Economy Forces More Aging Americans To Move In With Family

Adult Children Become Primary Caregivers for Two Generations

The struggling economy is forcing more aging Americans to change their long-term care plans. With the stock market fluctuations causing retirement benefits to shrink, more and more elderly Americans are forced to move in with their adult children.

The average yearly cost of a nursing home stay was $77,380 in 2008, with assisted living rent rising to $36,372. (Source: McKnight