Eldercare a Multi-Trillion Dollar Drain on Adult Children
As a result of missing work to take care of aging parents, adult children have lost an estimated $3 trillion. The percentage of men and women over 50 taking care of their aging parents has reached 17% and 28% respectively, over tripling that of the last generation.
That’s not the only toll that caregivers pay. They’re more likely to have poor health, and as a result of missing work, stand to lose more in pensions in addition to wages. This will then lead to lesser Social Security benefits for the caregivers, which will compound the effect on their kids.
If you have any questions about this post or need help finding senior-care options for a loved one, call 1-866-483-4896 to speak with a care advisor in your area.