Cost of Caring for Aging Parents Could be Next Financial Crisis

I work so hard with no help. I think that when I get old I will just kill myself.
nobody cares

Nobody,
You are very wrong about no one caring. Don't you know Jesus loves you and is helping you through these tough times as you care for your loved one? Discourgagement is the work of Satan. 1 John 3:18 "My children, let us not love in word, neither in tongue

Senior Care has been a major, and growning problem since the late 70's. Now that it is out of control, as all health needs, and services have become, people are Shocked!!!
The average cost for senoir care in a nursing home's is over $300,000 annually. This is after they secure all your assets. Who can afford this? Well, maybe the McCain's of this world, those out of touch with reality.
I have worked over 25 years in Human Services and help for the aging and approuching baby boomers are limited, and costly. Insurance companies that offer long term care policies, have perimums beyond middle-class american's budget.
What to do? Thing's should of been done before "Capital America" took control, and found this a great source of finanical gain.
At best, maybe they'll let Dr. Korvorican assist us, if not, you can bet your last dollar,if you don't have the money, you will die, one way or another.
One thing is certain, your "friendly family doctor's", are writing more scripts for drugs than ever before, in the history of America. They have a pill for everything, regardless of side affects, and short term trails. We are a pill pushen soceity, so if your lucky, you might get that special drug interaction, of combined medications,that no one polices, and do yourself in before the long term care issues become your problem.

This survey points out how many of us have suffered financially as a result of elder care. It never occured to me to think of my lack of Social Security and retirement for myself as a problem - until now. Twenty years out of the "real" job market, even though I was providing invaluable services that would have cost a great deal to provide had the caregivers been from an agency, has cost me dearly in retirement income. Do I regret it? No. But I live on faith.
Carol

I have had my 88 year old Mom living with me for over a year now. She only has her small social security check, no other assets or money. I am an only child and we have no family. I have a decent job, but I have to have a caregiver with Mom every minute I'm gone as she requires total care. I have gone through all of my savings and have had to take a line of credit on my house (2nd mortgage) which I have to use money from every month to pay the bills. I have cut back on everything to make ends meet. The only 'extra' we have is cable tv, because Mom is bed-bound and nearly blind and all she can do is listen to the tv. Every month I go further in debt and I don't see any way out. And when I'm home, she wants me right by her, so I have very little time to myself or to get anything done. I have moved her into the den so that we are closer to the other rooms and I can do some things and still be near her. At night I sleep on a little mattress on the floor beside her bed. The last thing I bought for myself was a pair of sandals a year ago. I wonder how we ended up like this. I have no life at all