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We're all terrified of paying the 'millennial daughter tax'

Business Insider·Katie Notopoulos·26 days ago
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The 'millennial daughter tax' is terrifying Senior Correspondent covering technology and culture Millennials are facing decisions about caring for their aging parents. Lots of those decisions are affecting women. Patrick Landmann/Getty Images Our story about the "millennial daughter tax" struck a nerve with readers. Millennial (and Gen X) daughters are losing wages, time, and their own savings as they care for aging parents. I saw hundreds of tweets and comments from women experiencing this. Our story about millennial daughters paying the price to take care of aging parents really struck a nerve. As a millennial daughter myself, I was interested: A mix of actual costs, lost wages, and missed retirement contributions can cost daughters caring for their parents nearly $300,000. This was clearly something a lot of our readers are going through.…

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