Cost of caring for an elderly parent rising faster than inflation, study finds
Summary
The cost of caring for an elderly loved one has risen 60% since 2021, according to an AARP study cited by CBS News. The study found that the increase outpaced inflation.Key Facts
- AARP conducted the study.
- The cost of elder care rose 60% since 2021.
- Elder care costs increased faster than inflation.
- The report concerns the cost of caring for an elderly loved one.
- CBS News MoneyWatch reporter Megan Cerullo reported on the study.
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