Often times due to declining health, older adults will live with their family members and thus providing long-term care for their elders. Greater than 70 percent of elderly men and 40 percent of elderly women live with family (Hooyman et al., 2015). Older adults may also choose to live with their children due to financial constraints, a desire for companionship, and due to the loss of their partner or previous caregiver. With a growing aging adult population as the baby boomers enter into ages 65+, there will be increased reliance on family to act as caregivers. Space in long-term care facilities is limited, can be costly, and difficult to find placement for older adults in need. This places increased emotional and financial burden on family members. Although there is an increased burden on families to act as caregivers, it is estimated that family caregivers of adults 65 and older save society around $450 billion per year (Hooyman et al, 2015). This in turn greatly affects the American economy, heath care systems, and long-term services.
Hooyman, N. R., Kawamoto, K., & Kiyak, H. A. (2015). Aging matters: An introduction to social gerontology.