14 • SUNDAY, FEBRUARY 23, 2020 • CAREGIVER
HOW TO MANAGE
A LOVED ONE’S MONEY
Taking over finances for a parent can be a stressful responsibility
The number of retirees is on the rise. Data
from the U.S. Census Bureau points out
that, by 2030, there will be 81.2 million
Americans older than 65, and many will
need help taking care of themselves.
Caregiving is a big responsibility.
One crucial role caregivers might take
on involves managing a loved one’s
finances.
AARP states that acting as a money manager
becomes especially important if a
loved one begins having trouble keeping a
checkbook balanced or becomes confused
about money.
The Family Caregiver Alliance indicates
millions of Americans are managing money
or property for a family member or friend
who is unable to pay bills or make financial
decisions.
Juggling one’s own finances and the
responsibilities of another person’s money
can take its toll.
MONEY MATTERS
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BY METRO CREATIVE CONNECTION