alt Hacker NewsHealth care costs at the end of your life can eat everything you've ever saved and more. Cost of maintenance on housing is increasing and property insurance rates + HOA rates are going up. This idea only works under ideal conditions.
Health care costs at the end of your life can eat everything you've ever saved and more. Cost of maintenance on housing is increasing and property insurance rates + HOA rates are going up. This idea only works under ideal conditions.
I'd be curious if the folks that are advocating for people to provide support to their adults kids also expect those adult kids to keep their parents living with them when elderly. I know assisted living facilities charge exorbitant amounts of money, to the point it's often advised to setup a trust, so the parent's assets are no longer viewed as their assets. These facilities apparently charge based on assets, where if you have none then suddenly the monthly cost to live there equates only to the value of your Social Security Income payments.