Money 911: Paying for college and elderly parents
Posted by Jean
More and more Americans are a part of what is known as the “sandwich generation” — adults who are responsible for raising children and caring for elderly parents. According to research from the Pew Center, one out of every eight Americans ages 40 to 60 are in this category. As we discussed on Money 911 this morning, paying for your children’s college and your parents’ assisted living can be quite a financial strain. For tips on how to better deal with that situation — plus some advice on selling versus renting — check out the video clip below.
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