My sister Carol loves movies, but she hasn't been out to see one in years. When she tries to watch one at home, she's frequently interrupted. She shrugs this off, saying "Who needs to see movies when you're living one?"
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As an economist, I also see in her predicament a microcosm of a much bigger problem. Just as our family can't expect my sister to keep this up indefinitely, nor can our society count on unpaid caregivers to perpetually tend to the growing needs of the nation's elderly.
Caring for elderly and disabled family members takes a big financial toll, including hundreds of thousands of dollars in lifetime earnings if it means retiring early to do it, according to Fidelity, the investment company.more details click here
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Patricia Smith
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In china, it is hard to find a retirement home because in chinese culture, to put your parents in the retirement home is considered infidelity. so sometimes old ppl live on their own or with their children. And if they are unable to tend themselves, a professional caretaker would be hired.
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