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Millennials say they’ll refuse to care for aging Boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

  • Viral bravado aside, Millennials are already doing the work — family caregivers rose 32% (2011–2022) to 24.1 million, and adult children are the largest caregiver group (40.7%).
  • Multigenerational living is climbing — about 1 in 4 Americans now live in multigenerational homes, mostly from financial need, which deepens caregiving duties.
  • Care is expensive: long-term care often wipes out retirement cushions, and only roughly 39% of Boomers' $93T in assets is likely to reach heirs, leaving many Millennials footing labor and financial bills.
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