A third of family caregivers spend over $10K a year

Recently I came across an article that offered a different point of perspective on the status of caregiving today. A recent article on USA Today showed that about a third of family caregivers spend more than 30 hours on caregiving tasks, with another third spending more than $10,000 a year on caregiving expenses, ranging from medication to in-home care and even senior housing. The article also mentions a snippet of an interview with Andy Cohen, CEO of Caring.com. He said that, “the uncovered cost of caregiving offers people by surprise. It is something they haven’t planned for and budgeted for.”

There are a number of other statistics in the article that show the status of the caregivers mentioned, most of which are retired. I encourage my readers to view the article and see if these statistics match your own experiences and current situation. I would love to hear your feedback on it.

You can read the article here: http://www.usatoday.com/story/money/personalfinance/2014/09/15/family-caregiving-time-costs/15456771/

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