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Clearly Broke - August 2009

Taking Care of the Aging, Broke Parent

There are times in life when the money needed just does not equal the money we have. This can happen for a variety of reasons, but the one that seems to affect more and more people today is the aging parent. When a parent retires, there can be a space between the money they once brought home as a paycheck and the retirement money they are earning.

This gap can leave the parent in a place that they cannot afford. This is where the extended family can step into the picture. The parent was there to give the child a home and all the things they needed when they were growing up and the child can give that back if the parent is in need.


There needs to be a lot of talking surrounding the move from a single family household to a multiple family household, but the change can be for the better. Maybe the parent can be the cook of the household, or contribute to life in some way that makes everyone happy.

No matter the change, being broke and out of work is not something just the youngest of people are dealing with. The parent who needs money is out there and the children of the world need to take up the slack until things can even out in the world.
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