Parent care-giving takes toll on boomer finance, marriage

One in two baby boomers cares for an aging parent; The challenge is taking a financial, as well as marital toll on boomers. Care giving is “draining bank accounts” and “increasing sibling squabbles,” according to Caring.com.

Andy Cohen, COO of Caring.com says, “The time spent caring for an aging parent can take a serious toll on the caregiver’s relationship with their spouse. Time that is traditionally spent with one another once the kids have left home is becoming more and more time when children start to play the role of caregiver to an aging parent.”