An Only-Child Boom Is Beginning. It Gets Complicated When Mom and Dad Age.

March 5, 2024

A black and white photo of one person holding another's hand

(Wall Street Journal) – “I have no brothers or sisters to take turns with me,” says Lori, 49. Lori is an only child. The family type is becoming more common, with about 22% of women at the end of their childbearing years having an only child, double the 11% in 1976, according to a 2015 Pew Research Center report. Only children have no siblings to share the responsibility of caring for aging parents. The isolation takes a toll, emotionally and financially. Decisions about whether a parent should get surgery, move out of the house or quit driving rest solely with them. They also will often absorb much of the out of pocket expenses, which for family caregivers averages $7,200 a year, according to an AARP study. (Read More)

Recommended Reading