Sixty percent of Americans voice concern about becoming physical caregivers for elderly parents or other loved ones as they approach retirement themselves while 40 percent also worry about supporting parents or others financially in old age. Those were among the findings in the new Perspectives of Retirement Survey from The PNC Financial Services Group, Inc.
Nearly one in three (30 percent) non-retirees who anticipate caring for a loved one say they are planning to work longer to afford such care. Among current caregivers, one-third spend more than 10 percent of their retirement savings caring for a loved one, while nearly one in four (23 percent) dedicate half or more of their time caring for an adult relative.
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