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How do I address the financial reality of caring for my aging parents? (It costs the average family $7,200 a year)
Summary by The El Paso Editorial Desk · Based on reporting by Stacker , KVIA ABC-7
· July 23, 2026
· 15 min read
Nearly 1 in 4 American adults is currently providing unpaid care for an aging family member — managing medications, attending medical appointments, coordinating home care, and often absorbing significant financial costs that never appear in any official accounting. Half report at least one negati...
Story provenance No corrections
Summary created by The El Paso Editorial Desk — automated, rule-governed Original reporting Stacker, KVIA ABC-7 Original story Read at the source Source published Jul 23, 2026 Indexed here Jul 23, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway According to the 2025 AARP and National Alliance for Caregiving report, 29% of family caregivers are sandwich generation caregivers — supporting both aging parents and dependent children at the same time.
Why this matters in The El Paso
In El Paso, the financial burden of caring for aging parents is likely to be felt deeply, given the city's strong family ties and cultural emphasis on caring for elderly relatives. As the population ages, local families will increasingly face the challenges of the "sandwich generation," where caregivers must balance their own financial responsibilities with the needs of their parents and children. The average annual cost of $7,200 per family will be a significant strain on many households, particularly those with limited financial resources. El Paso's community organizations and social services may need to adapt to meet the growing demand for support, such as providing resources for caregivers, offering financial counseling, and helping families navigate the complex healthcare system. By acknowledging the financial realities of caregiving, local families and policymakers can work together to find solutions that support both the caregivers and their loved ones.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 23, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 15 min
Frequently asked about this story
What is this story about? Nearly 1 in 4 American adults is currently providing unpaid care for an aging family member — managing medications, attending medical appointments, coordinating home care, and often absorbing significant financial costs that never appear in any official accounting. Half report at least one negati...
When was this published? This article was first published on July 23, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by Stacker at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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