TITLE

Elder Care is Costly to Relatives and Friends…

PUB. DATE
February 2000
SOURCE
Journal of Financial Planning;Feb2000, Vol. 13 Issue 2, p22
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article highlights the results of a study conducted by the National Alliance for Caregiving and the National Center for Women and Aging at Brandeis University on the cost of providing care for elderly patients in the U.S. People in the country who provide care for elderly relatives and friends may be sacrificing nearly $660,000 over their lifetimes in lost wages and lost Social Security and pension benefits. The loss is due to people taking time off from work, losing out on promotions and training, passing up job transfers, or simply giving up their jobs, according to the study. The caregivers also estimate they pay $19,500 out-of-pocket for food, home care professionals, rent or mortgage assistance, and so on.
ACCESSION #
2835895

 

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