Stop putting it off — Adult children need to have that difficult talk about aging with their parents now

Financial Post
October 1, 2021.

Close to one in four Canadians will be seniors by the end of the decade, according to the federal government. In addition to a rapidly aging demographic, sadly, the prevalence of dementia syndromes is also increasing, with the number of people living with Alzheimer’s disease doubling every five years, according to the Centers for Disease Control and Prevention.

These factors, coupled with the COVID-19 pandemic and the associated focus on long-term care, have highlighted the need for families to consider how their loved ones will be properly cared for as they age and are potentially no longer able to make decisions about their health and financial wellbeing.

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