My friend sianpierre and his mom are featured in this important NYTimes story about love, but also the financial struggles facing so many of our older + most vulnerable Americans...especially during COVID. Check it out + share:
that older adults were also significantly more likely to be living with their grown children in recent years than they were in the 1990s.
To make room for their new housemate, Ms. Myers-Newcomb, a real-estate agent, arranged to install what is known as an accessory dwelling unit — a secondary apartment built on a single-family residential lot — in their small backyard. But the price — about $110,000 — put the family in a tight spot. Like many Americans, she and her husband were already sandwiched between lingering student debt and trying to save for their own retirement.
Mr. Lam now sends about $800 a month to his parents, who live with his older sister in Boston. “I’m basically paying double rent — mine and my parents’ — so I manage money pretty carefully,” he said. For a while, he had a second job at a coffee shop to earn extra cash on weekends — a different lifestyle from most of his banker colleagues’, but he’s not complaining. “It’s not something I hide,” he said.
To make matters more complicated, her father takes care of his mother, Ms. Lent’s grandmother. “So I wouldn’t just be taking care of him. I would also take in my grandma, and possibly my aunt too, because she also lives with them,” she said. “Sometimes we don’t just inherit our parents — we inherit entire families.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cameron Diaz’s First Acting Role in Years Is Sucker Punching Our FacesCameron Diaz came out of acting retirement as part of the Boss Bitch Fight Challenge
Read more »
What states are opening up, and when? States are constantly changing their restrictions — here's a listStates have a patchwork of constantly evolving plans to relax social distancing restrictions, plans that often vary by county and even city at times.
Read more »
U.K. Theater Producer Warns West End, Broadway 'Could Be Closed Until Next Year'U.K. theater producer and owner Cameron Mackintosh has warned that the West End and Broadway are unlikely to reopen until 2021. More details:
Read more »
Here’s How COVID-19 & Gen X May Make Consumer Tech The New Toilet Paper In RetirementCOVID-19 triggered a run on toilet paper, but there was also a buying spree on home technologies. People may buy technology for entertainment and communications, but Gen X buyers see technology as serving the most basic needs of safety & security suggesting a heightened role for tech in retirement.
Read more »
Tyler Cameron Says Pregnant Ex Gigi Hadid Will 'Be an Incredible Mother''Bachelorette' alum Tyler Cameron said in a new interview that his ex-girlfriend Gigi Hadid, who is pregnant, will 'be an incredible mother' — read more
Read more »