How to Support Aging Parents With Their Finances (Without Losing Your Mind)

Few topics can strain family relationships quite like money—and when it’s your parents’ money, the emotions can be even higher. As our parents age, it’s natural to worry about their financial well-being: Are they keeping up with their bills? Will they have enough for medical expenses? Are they safe from scams? As Americans live longer, adult children are increasingly stepping in to help their parents manage money, organize accounts, and protect assets.

Is it another “Year of the Woman”? The Reality is that Women have Power over the Family Finances

In 1950 about one in three women participated in the paid labor force. Today, among married-couple families with children, 61.1 percent have both parents employed. Divorce rates have also had an impact on working women. The divorce rate has increased from 26% in 1950 to over 50% today. In the new millennium, there are more one-parent families, single women and widows than ever before.