Reply to Why are there barely any “old people nannies”?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is a market for these services, and "companion" is actually one of the fastest growing health care jobs on the  job market. You can pay a "companion" less than someone with healthcare training. But bottom line is that people are a lot more willing to pay to have someone watch their kids than they are to have someone watch their parents. People easily work 60k into their budget for little Larla and Larlo, but will hesitate to spend $200 a week on mom or dad. [/quote]

That's because mom and dad are supposed to save for their own care. [/quote]

Right! So many people with small kids save up for year or even a decade to afford the daycare years (I did) and they delay retirement savings while doing it. You think we want to spent 50k a year on it?! When my parents are elderly, I'll likely be in my late 40s-50s and won't want to stop my own retirement savings.

Something that helped my grandma was having a college student live with her. The college student had the entire upstairs, 3 bedrooms, 1 bath, to herself. She ate dinner with grandma 3 nights a week and cooked the meals. They were simple meals like spaghetti and meatballs, rotisserie chicken, etc. She picked up after herself downstairs (like cleaning her dishes), but didn't have to do any chores for grandma. Grandma had a cleaning lady once a week who also cleaned upstairs. Her main role was just to be there at night in case something happened.

It worked out great. College student lived for free (I think they did give her money too and paid utilities and food) and was mostly home studying. When she went on trips, my aunts and uncles stepped in. Aunts and uncles also rotated the other nights of the week taking grandma out to dinner or cooking for her. She wasn't required to spend a lot of time with grandma other than the 3 dinners, but she was friendly to her and they watched TV together because the girl was nice. [/quote]

This sounds like a very sweet gig! [/quote]

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