Media Mention: The Street

A few weeks ago The Street wrote a trend piece on how children are increasingly becoming responsible for their parents financial well-being when it has traditionally been the reverse. As part of the article I was quoted based on a survey we had done at A Place For Mom on how prepared families were for senior housing needs.

“Through our work with families, we find that it’s quite common for adult children to provide financially for their aging parents, but it’s not often clear if families had expected or planned to do so,” said Ed Nevraumont, chief marketing officer with A Place for Mom, a senior living referral service that co-commissioned the survey.

Here is the full article: http://www.thestreet.com/story/13179355/1/why-your-parents-retirement-could-become-your-financial-burden.html?

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