Do You Have the Financial Means to Support Your Elderly Parents?

Not sure whether you should move your elderly parents into your home or into assisted living?

According to Genworth’s caregiving statistics, caregiving families can spend over $10,000 out of pocket each year on elderly care. Over 70% of caregivers miss time at work, which can put financial strain on your family. It’s important to ask your elderly family member if they can contribute to the expenses.

Depending on the level of care that your family can provide, assisted living may be more cost-effective for your elderly parent. Read more about how to make the decision to move into assisted living here.

Professional Caregivers with Assisted Living in Plymouth

Caregiving often comes with an immense amount of pressure and stress—stress alone commonly results in sickness and mental distress for the caregiver. Consider choosing assisted living in Plymouth. Plymouth Terrace treats your elderly loved ones like family; they’ll get the care and attention that they deserve, and you don’t have to drastically alter your life. Give us a call at (734) 451-0700 or submit a contact form and ask about our senior living accommodations.

Caregiving or Assisted Living?

Are you considering moving your elderly parent into your home?

Deciding whether you should move your elderly parent into your home can be difficult. You may feel like you owe it to your parents, but is it the best decision for everyone? Caregiving within the family is a viable option for many people, but not for everyone. Ask yourself: are you able to provide for your elderly parent’s needs?

Needs and Socialization

Some elderly folks are healthy and independent, but they could have specific medical needs and need extra assistance with everyday tasks. Many elderly individuals need help with activities of daily living (ADL’s) like getting dressed, using the bathroom, and getting around the house. Are you comfortable performing these tasks? Do you have the time to devote to them?

It's also important for your elderly parent to have plenty of socialization—isolation can quickly lead to senior depression and loneliness. Does your work situation allow you to spend time with them? Will there always be someone at home to keep them company? If they’ll be alone for long periods of time, at-home caregiving may not be your best option.

Read more about caregiving vs. assisted living here.

Fulfill Their Needs with Assisted Living in Plymouth

Before deciding to move your elderly parent into your home, consider choosing assisted living in Plymouth. Plymouth Terrace treats your elderly loved ones like family; they get the care and attention that they deserve, and you don’t have to drastically alter your life. Give us a call at (734) 451-0700 or submit a contact form and ask about our senior living accommodations.