Tag: Latino

Global,Business,And,Finance

Since the 1980s, the share of the U.S. population over 65 has grown steadily. At the same time, the share of low-income older people living in nursing homes has declined sharply. New research by the University of Wisconsin’s Mary Hamman finds that this trend is, to some extent, being driven by an increasingly diverse population…

grandma mom and daughter sitting on dock

It’s not unusual for workers who grew up in lower-income households to help their parents out financially. But a new study uncovers a twist in this familiar story: once the parents are old enough to collect Social Security, the money flowing from adult child to parent slows down. And when this occurs, the offspring ar…