Key steps Congress can take to help caregivers’ finances ...Middle East

People know about the emotional and physical toll on family caregivers, but they often overlook the financial impact. One in five adults now provide uncompensated care to loved ones with health problems, pushing almost half of them to say they’ve suffered financially. Things like housing, health care and transportation add up to an average of more than $7,000 a year. Many people think they have no choice but to withdraw money from savings accounts or retirement nest eggs, take on debt, pay bills late or scale back on their retirement contributions. The burden of caregiving also extends into the workplace. Caregiving typically requires 24 hours a week, and about 60 percent of care

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Last updated : 01 January 2024 clock 11:29 PM

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Key steps Congress can take to help caregivers’ finances ...Middle East

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