By Anna Rappaport, F.S.A., M.A.A.A.
Many people experience cognitive and/or physical decline as they age. Their first source of support when they need help is often the family, including their adult children. Caregiving adult children are often employed, and helping with the needs of their parents or other family members can impact their ability to perform their own jobs. Society of Actuaries (SOA) research provides insights about the challenges facing aging Americans and the impact these challenges have on their adult children. This article will highlight implications for employers and present ideas for helping employees deal with these issues as part of their financial wellness programs.