WSJ: When Siblings Step Up

The Wall Street Journal, in an article titled "When Siblings Step Up," reports that the number of families caring for elders has dramatically increased over the past few years.  About 43.5 million Americans look after someone 50 or older, 28% more than in 2004. In comparison with 2004, a smaller percentage--41% versus 46%--are hiring help. And more--70% versus 59%--are reaching out to unpaid help, such as family and friends.  The article highlights the importance of family communication and team work when dealing with an ailing parent or relative.

Posted by Patrick Siegfried, Associate Editor, Wealth Strategies Journal.