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Reply to "Sandwich generation home stretch "
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[quote=Anonymous][quote=Anonymous]If children are now expected to pay these 10k + per month fees for assisted living for their parents, it will bankrupt us all. It’s twice as much as college, and can go on way longer than 4 years![/quote] Yeah, all these posters saying they are paying for their parent's (singular) assisted living fees...what happens if all 4 parents need to be in assisted living? That could be $40k/month for gosh knows how long. That's at least $480,000/a year. Who on earth has that type of money unless you are super wealthy? For normal UMC folks or even those making $500k/year - how is that feasible? Feasible to save enough money to potentially pay for all 4 parents to be in assisted living/save for their kids' college and their own retirement?[/quote]
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