With each passing day, our parents are growing old and their ability to be independent is gradually diminished. Elder care or senior care is a young, but rapidly evolving business, however, the ground reality is that, even if we are willing to pay, the competence and training levels are nowhere near adequate.
If there is one event that shakes up your finances it is an unexpected recurring expense. These days more and more middle-aged Indians are facing such an expense: finding someone to take care of their parent(s) while they need to work or go about their lives, often in another city or country.