Millennials Stuck Providing Care for Aging Boomer Parents Despite Online Revolt
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Insights by Echo AI
Despite online declarations of refusing to care for their aging Boomer parents, Millennials are increasingly becoming family caregivers due to financial necessity and lack of paid care options. This trend is happening as the inheritance they might expect in return is shrinking, with only about 39 cents on every dollar of Boomer assets likely to reach Gen X and Millennial heirs. The caregiving burden is intensifying, with multigenerational living on the rise and high-intensity long-term care needs increasing.
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