http://well.blogs.nytimes.com/2009/09/18/the-financial-peril-of-an-aging-parent/
This article discusses the impact aging parents have on their children's finances. With advances in technology and medicine, people are living longer lives, which although beneficial in ways, also has its downfalls. When people grow older, chronic illness becomes more prevalent and greater amounts of medicine are required. Also, the elderly grow more dependent on others and require help with daily tasks such as food shopping and other things of the sort. All of these things require money, however the elderly are often retired. This is where their children come into play, helping their parents with their financial obligations, paying for groceries, medical treatment, and so forth. These finances, coupled with those that the children have on their own (due raising their own families) leads to problems. It is almost like a never-ending cycle of financial issues. When children go broke from taking care of their own parents, their children will be called for to help them with financial obligations in the future as well.
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