Every time I cash in on being (just barely) a senior citizen – at the movie line, on the subway, for example – I feel a twinge of guilt. The elderly, on average, can better afford such items than can young adults, especially those raising small children. Yet the system of discounts for age, like much else these days – say, Medicare vs. Medicaid – is slanted toward seniors. The logic is rooted in an earlier time.
Back in the day – say, before the ’60s – the assumption was that most old people could make it through their sunset years only with financial and personal help from their grown children. In last few decades, the flow of money and of energy has been largely going the other way (see earlier post).
In two new overview papers (pdf and pdf), sociologists Judith Seltzer and Suzanne Bianchi document the help many American seniors are giving their adult children long past the school years, be it directly with money or through help such as babysitting. (Bianchi, a terrific scholar of American family life, passed away recently, much too soon.) Among the less well-off, parents might largely help by re-opening a bedroom at home or providing after-school care. One study found that about 3 of 10 pre-schoolers are with grandparents when the parents are at work. Among the most affluent, parental help can include buying 20-somethings their own Manhattan apartments (see here and here).