This is another difficult question, as no one likes to lose his or her independence. However, as your parents grow older, the idea of assisted care or 24-hour care may become reality.
According to a study by ARAG in 2007, 70 percent of people will need long-term care at some point. The Family Care Giver alliance stated that there were 65.7 million unpaid caregivers as of November 2012.
An unpaid caregiver is family member, neighbor, or friend that cares for someone. If you do plan on being the caregiver for your parents, there are programs that will pay you to do so.
(Image via Flickr)