"When I got the phone call that my dad had died, I knew that my life would change forever. What I didn't anticipate was how much my mother's next chapter in life would collide with mine. Not only did she lose her companion, but she lost her financial caretaker. I found myself emotionally and financially responsible for her. With housing costs on the rise, personal expenses piling up, and loneliness becoming her new reality, we made a decision that felt practical and compassionate:"
"For my mom and me, the decision was simple math. After becoming a widow, she was suddenly living on a fixed single income and could no longer afford her apartment. At the time, I was a single mom, so sharing a home was a practical choice. We combined our financial resources, and having her there meant extra help with the day-to-day. It was a win-win; we both saved money and gained a sense of stability and support."
My dad's death left my mother without a companion and financial caretaker, creating immediate emotional and financial needs. She moved into my home because her fixed single income could not cover her apartment and sharing expenses made practical sense. Combining finances provided daily help, reduced costs, and increased stability. Multigenerational living remains a financial necessity for many families, particularly in the Latinx community. Entering the sandwich generation at 30 required raising children while caring for an aging parent amid rising housing costs, fewer support systems, and demanding work and travel obligations. Balancing career, parenting, and caregiving continually stretches personal resources.
Read at Business Insider
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