Cost of caring for an elderly parent rising faster than inflation, study finds

Channel: CBS News

Uploaded: 2026-10-30

Duration: PT173S

Read a transcript preview of “Cost of caring for an elderly parent rising faster than inflation, study finds” from CBS News, uploaded on 2026-10-30.

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Language: English (original, YouTube automatic captions)

[0:00] The cost of caring for an elderly parent

[0:01] or loved one is rising faster than

[0:03] inflation. It's creating an

[0:05] affordability crisis for many seniors

[0:07] and their families. According to a new

[0:09] study, this research by AP found an on

[0:12] average caregivers spend more than

[0:14] 11,500

[0:15] per year looking after people who need

[0:18] support. That's up roughly 60% from

[0:20] 2021. CBS News Money Watch reporter

[0:23] Megan Cerulo joins me now. So,

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