Family Matters

Family Matters: The Money Squeeze
9:04 am
Tue May 29, 2012

Time To Move Grandma: What To Do With Her Home?

Frank Christian takes a break from packing in the dining room of his home in Glen Allen, Va., which he co-owned with his mother. The family recently sold the home in order to free up money for Ida's care.
Kainaz Amaria NPR

Making the decision to move a parent out of the homestead can hurt.

The house may be full of good ghosts and happy memories. But it also has too many steps and too much lawn to mow. So the time comes to pack up and move on.

A decade ago, at least one part of that transition wasn't so tough. When the for-sale sign went up, an eager buyer was likely to show up with a good offer. But today, families are facing a much more difficult real estate environment.

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Family Matters: The Money Squeeze
3:01 am
Tue May 29, 2012

Family Matters: Pitching In To Take Care Of Grandma

Chris Martin, 14, greets his great-grandmother AnnaBelle Bowers, 87, who lives part time with the Martin family in Harrisburg, Pa.
Kainaz Amaria NPR

Originally published on Tue March 5, 2013 9:18 am

On a recent evening, the Martin family of Harrisburg, Pa., had too many places it needed to be.

AnnaBelle Bowers, the 87-year-old matriarch of the family who is also known as "Snootzie," was at home — watching television and getting ready for bed.

Someone needed to care for her. That fell to Chris Martin, her 14-year-old great-grandson.

His willingness to stay at home meant his sister, Lauren, could play in a softball game.

It also meant her parents, David and LaDonna Martin, could watch.

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Family Matters: The Money Squeeze
2:57 am
Tue May 29, 2012

Listening To Parents Key To Financial Responsibility

Parents can make a difference in whether their kids become spenders or savers, studies find.
iStockphoto.com

Originally published on Tue May 29, 2012 4:34 am

As an increasing number of Americans live into their 80s and 90s, many families are struggling to find ways to make retirement dollars — that were once supposed to support seniors for years — now stretch over decades.

More and more, families have to care for the very elderly, as well as look after children who might be college grads but haven't found a job in a difficult economy.

All this requires one very important thing: lots of money.

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Family Matters: The Money Squeeze
10:54 am
Wed May 23, 2012

Family Matters: Meet The Families

AnnaBelle Bowers, 87, talks to her granddaughter Carley, 17 (right), and her friends after they returned from lacrosse practice. "I'm not rich money-wise, but with my family I'm a millionaire," Bowers says.
Kainaz Amaria NPR

Even as the recovery gains steam, record numbers of people are living under a roof where adult children, middle-aged parents and elderly grandparents must learn to live together. In a series called "Family Matters," NPR's Morning Edition explores the lives of three multigenerational households struggling with issues of money, duty and love.

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Family Matters: The Money Squeeze
3:07 am
Tue May 15, 2012

Paying For College: More Tough Decisions

Kelley Hawkins (center) smiles at her daughter Carley (left) as her other daughter, Chelsea (right), looks on, in their family home in Harrisburg, Pa.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:48 am

Middle age is prime time for saving money. From your late 40s through early 60s, you're supposed to squirrel away cash to cope with health care costs in your old age.

But for millions of Americans, middle age also is the time when children are seeking help with higher-education bills, and elderly parents may be needing assistance with daily care.

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Family Matters: The Money Squeeze
3:01 am
Tue May 15, 2012

Caring For Grandparent Matures A Young Man

Maryland resident Nicholas McDonald, 24, has briefly abandoned his musical aspirations to enter the workforce and contribute to the family's finances. "I'd like to give my mom $100 every now and then," he says.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:47 am

Nicholas McDonald grew up tempted by drugs and under pressure to hit the streets. Lacking male role models, the Maryland resident says he always saw his mom as "the apple of my eye."

Natasha Shamone-Gilmore tried to protect her son growing up. Now, 24-year-old Nicholas is doing his best to return the favor.

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Family Matters: The Money Squeeze
3:14 am
Tue May 8, 2012

Long-Term-Care Insurance: Who Needs It?

AnnaBelle Bowers' long-time physician, Walter Watkin, gives her a kiss on the forehead at the end of her visit. When asked how long she had been coming to see him, he said, "Long enough for her file to be 2 inches thick."
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:50 am

Americans routinely buy all sorts of insurance — for cars, homes, health and even pets and boats.

But when it comes to long-term-care insurance, relatively few sign up. Out of more than 313 million Americans, only about 8 million have any such protection, according to the American Association for Long-Term Care Insurance. The low participation rate largely reflects the high cost of long-term-care insurance.

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Business
2:57 am
Tue May 1, 2012

Discovering The True Cost Of At-Home Caregiving

Maryland resident Ida Christian, 89, began showing symptoms of Alzheimer's disease in 2009. Her condition demands around-the-clock care.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:51 am

Walk through any nursing home, and your first thought might be: "I need to take care of Mom myself."

Few people want to turn over a loved one to institutional care. No matter how good the nursing home, it may seem cold and impersonal — and very expensive. But making the choice to provide care yourself is fraught with financial risks and personal sacrifices.

Those who become full-time caregivers often look back and wish they had taken the time to better understand the financial position they would be getting themselves into.

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Economy
4:49 am
Wed April 25, 2012

'Bittersweet Season' Details Caring For Aging Mom

Jane Gross, author of A Bittersweet Season
Michael Lionstar

Originally published on Tue June 26, 2012 1:38 pm

As part of Morning Edition's Family Matters financial literacy series, Renee Montagne talks to Jane Gross, author of A Bittersweet Season, about caring for her aging mother, and what she wishes she had known before she started.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

Transcript

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Family Matters: The Money Squeeze
3:29 am
Tue April 24, 2012

Preparing For A Future That Includes Aging Parents

Natasha Shamone-Gilmore (right) attends church with her husband, Curtis Gilmore (center), and her father, Franklin Brunson, 81. Shamone-Gilmore moved Brunson into her Capitol Heights, Md., home after he developed dementia.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:52 am

Planning a wedding is exciting.

Mapping out a vacation is fun.

Figuring how to afford care for your confused, elderly father? That one may never cross your mind — at least, not until you need more money to care for him.

"Never thought about it," Natasha Shamone-Gilmore, 58, says about her younger self. "Never ever."

She thinks about it a lot these days. Shamone-Gilmore, a computer trainer in Maryland, now shares a modest home with her husband, 24-year-old son and 81-year-old father.

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Family Matters: The Money Squeeze
12:02 am
Tue April 17, 2012

One Roof, Three Generations, Many Decisions

Ida Christian, who suffers from dementia, gets help from her granddaughter, Yolanda Hunter (left), in blowing out the candles on her birthday cake. Yolanda quit her lucrative job to become Ida's full-time caregiver.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:52 am

Part of the Family Matters series

The Great Recession slammed into all age groups, flattening the career dreams of young people and squeezing the retirement accounts of middle-aged savers. It financially crippled many elderly people who had thought they could stand on their own.

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