ROLE REVERSAL – THE NEW REALITY

Posted on May 13th, 2024 in Budgeting, E-Newletters, Education Planning, Estate Planning, Financial Prosperity Series, Insurance, Investing, Lending, Life Events, Retirement, Tax

Our parents raised us; we moved out, had children of our own and raised them. Then our children moved out and had children of their own to raise. It was supposed to stop there for us, but then one day we had to look after one or both of our parents.

According to a 2020 Federal Government report1, 25% of Canadians 15 years or older provide long term care to a family member. According to theĀ Long-Term Care Planning Network, we may spend as many years caring for a parent as we did raising a child.