LibraryScenariosWhen couples consider major debt for aging parent care costs
Scenario

When couples consider major debt for aging parent care costs

My wife and I have been arguing about whether to take out a loan against our house to pay for her mother's memory care because she thinks it's our obligation but I think we're risking our own old age security.

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More people experience this than they realize.

What we've seen

Different beliefs about family obligation are driving a wedge between partners facing impossible financial choices.

Ideas that help explain it
Worth thinking about

“Where Are You with Money and aging parents — the financial caregiving challenge?”

If this sounds familiar, the Library can help you find the bigger picture.