S2E08: Personal Finance & Long-Term Care: How & When to Open the Conversation
Manage episode 440025722 series 3586689
Did you know that 70% of Americans over 65 will need some form of long-term care? Yet, only 16% of adults have discussed long-term care with their loved ones. Money talks, but when it comes to long-term care, many families stay silent. Did you know that 53 million Americans are unpaid caregivers, with 61% of them juggling caregiving with employment? The financial strain is real, yet discussions about money and care often remain taboo. Today, we're breaking that silence with our guest who will share her unique perspective on how to open these crucial conversations about personal finance and long-term care, potentially saving families from financial and emotional stress down the road.
This month we’re diving into how and when to start the conversation re: LTC with your family. To review this topic, I have the privilege of interviewing Aaliyah Kissick.
Aaliyah is an American beauty queen, entrepreneur, and financial literacy advocate. She holds a Bachelor's of Science in Agricultural and Consumer Economics from the University of Illinois Urbana-Champaign, where she completed her CFP education requirement. Currently, she is attending Gies College of Business for a Master's of Science in Management.
At 17 years old, Aaliyah started her small business with just $50 and a lot of imagination. Utilizing online resources and personal finance books, she transformed her life and developed a passion for personal finance. After studying the subject in college, she decided to give back by making conversations about money more accessible.
As Miss Illinois United States 2023, Aaliyah championed financial literacy, dedicating over 250 hours to community service in advocacy, information dissemination, and financial education for K-12 students. Moving beyond her year as Miss Illinois United States, she founded The Financial Literacy Diaries, a media company dedicated to closing the adult financial education gap. Additionally, Aaliyah is serving as Director of Public Relations at the Financial Literacy Foundation.
Together, we’re discussing personal finance and long-term care planning.
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