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The Changing Face of Caregivers in America

As society ages we are finding more often that adult children are becoming Caregivers to their aging parents. The majority of men and women reported having to modify schedules and miss some work because of caregiving responsibilities. Nationally, about 10% of working caregivers take early retirement or leave altogether as a result of their responsibilities. Research has shown that the cost to employees in lost productivity and other factors related to trying to balance work and family is high. Research also indicates that adult children who provide care tend to become more aware of the necessity to plan for their own Long Term Care needs. Baby-boomers are aging, and Medicare & Medicaid are becoming more financially strapped. People need to take more responsibility in planning for their own Long Term Care needs, or risk a negative impact on personal relationships and activities of them and their Caregivers.

Category: Personal Insurance