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Millennial Money: How to manage caregiving costs for parents while raising kids
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FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Nearly a quarter of millennials are caregivers for an adult, according to a 2020 AARP survey. And a 2020 survey from insurance marketplace GoHealth found that 1 in 3 millennials are supporting their parents financially, and more than a quarter help manage their parents’ health care. - photo by AP Photo/Elise Amendola, File
Nearly a quarter of millennials are caregivers for an adult, according to a 2020 AARP survey. And a 2020 report from insurance marketplace GoHealth found that 1 in 3 millennials are supporting their parents financially, and more than a quarter help manage their parents’ health care. This means that in addition to caring for young children, many millennials are also managing the needs of parents, grandparents or other loved ones.