Family caregivers go underappreciated, here’s how to help them

Family caregivers go underappreciated, here’s how to help them

It is impossible to put a price on the personal care, attention and emotional support given by millions of family caregivers. These people willingly offer their help, contributing time, energy and often their own self-interest to caring for a spouse, parent or other loved one. These services are a huge emotional and social value to the person receiving them, but also to society. In 2013, the American Association of Retired People sponsored a study of the economic impact of family caregivers. AARP calculated that in that year, family caregivers had provided 37 billion hours of care worth an estimated $470 billion to their parents, spouses and other loved ones. That figure of $470 billion has certainly grown in the past five years, probably faster than the American economy in general. Using a compound growth rate of 5% per year, it would total about $600 billion in 2018. These figures do not include the very substantial amount of money that family caregivers often...
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