More adult children support cash-strapped parents - The Mercury Life: Pottstown, PA and The Tri County areas of Montgomery, Berks and Chester Counties (pottsmerc.com)
Retirees are facing massive health care costs. They're living longer, so retirement funds are being depleted. And now rising prices, for everything from food to gas and heating oil, are only making matters worse.
Recent statistics from the U.S. Census Bureau found that the number of parents who've moved into their adult children's homes increased 67 percent, from about 2.1 million in 2000 to 3.6 million last year.
Other children are supporting parents who live in a separate home and who, in some cases, aren't even of retirement age.