Originally published on Wed May 23, 2012 8:52 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.
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.