By

Megan Cerullo

Reporter, MoneyWatch

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.

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October 28, 2026 / 5:25 PM EDT / CBS News

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Wendy Mayo knows firsthand how expensive and time-consuming caring for an aging parent can be. The 44-year-old Connecticut resident and her two siblings help look after their mother, who has Alzheimer's disease and requires around-the-clock supervision.

The siblings split the cost of care, which includes employing a professional caregiver, paying their mother's rent, and spending to adapt the home to accommodate her condition.

"We pay her rent and bought stuff to prevent bedsores, plus bed alarms because she was getting out of bed and wandering around," Mayo told CBS News.…