As our parents age, they become more susceptible to ailments and diseases that can impair both their cognitive abilities and motor function. As everyday activities become harder for aging parents, their financial stability can begin to waver. In fact, beginning at age 60, studies have shown that people may begin experiencing a decrease in their financial literacy score by one point per year.1 Whether your parents are displaying signs of impairment or you’re worried they simply can’t keep up with their finances any longer, we have six signs below that could help you determine whether or not it’s time to step in.
Women on Wealth’s purpose is to empower women to make informed financial decisions for a better and brighter future. The mission is to serve as a platform for women to excel both financially and personally.