Aging Parents: How Do Baby Boomers Handle This Situation
The one really good thing about baby boomer generation is that they can be relied upon to take care of their aging parents
. In fact, baby boomers are known to offer financial help to their parents and in addition they will also succeed in paying for children that have grown up and who have become young adults. Baby boomers will nevertheless be caught in between taking care of parents while also maintaining their normal lifestyle; they will even make any sacrifice necessary to ensure that they are able to do both without compromising too much on their lifestyles.
Even so, there no doubts the fact that baby boomers will be sandwiched between taking care of aging parents and their responsibilities as parents. This has forced some baby boomers to stop saving for their retirement. Some baby boomers have even been compelled to give up on saving money to pay for their children's education.
One way to solve this problem is for the baby boomer to invite their grown up children as well as parents to live with them so that they can affect major reductions on costs of living for all concerned parties. Women in particular are very likely to make more financial sacrifices so that they are in a position to meet their responsibilities towards aging parents and their adult aged children.
Besides the financial aspect, baby boomers will also need to handle the emotional drain that will affect them when they find that they have to care for parents as well as children.
There are many things that can cause emotional upheavals including paying for long term care of elderly parents and of course there is emotional strain on the mind because caring for parents and children means having to sacrifice on personal enjoyments as well as on their lifestyles.
In order to cope with this crosscurrent and conflicting interests, baby boomers ought to read up on books that have been written by others that were in the same situation and who managed to raise their children as well as care for their parents.