Elder care exacts a major cost toll from employers

Bernhart, Molly
September 2006
Employee Benefit News;Sep2006, Vol. 20 Issue 11, p56
The article examines the financial impact employees balancing work, family and caring for elderly parent has had on U.S. companies. It has been estimated that $34 billion a year was incurred by employees caring for elderly at home on employers. An overview of a report from MetLife and the National Alliance for Caregiving on the economic impact of aging is presented. The need for employers to discuss and develop an elder care strategy to address the problem is emphasized.


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