As your parents age and require more assistance, you might find yourself in a complicated predicament.
Some elderly parents require more involved assistance than others with everyday activities such as meal preparation and getting dressed or bathed. With the high cost of hiring live-in caretakers and assisted living facilities, you might find that you have no choice but to leave your job and move in with either or both of them to act as their full-time live-in caretaker.
In the good old days adult children were able to retire with pensions before the proverbial tables turned and and the children needed to "parent" their parents. Those days are gone for many Americans.
Some might feel that this is your duty, but having to give up much of your personal freedom, along with your stream of income and benefits raises this burning question: should children get paid as caretakers of their parents?
To learn more about this growing trend, read this article from AARP and learn more about the scenarios to consider before collecting a salary.