By Cara Kahan, RFC®
Why Everyone Should Consider the Possibility of CaregivingCaregiving is a 24/7 job. When the person receiving care is a loved one, it can compound the emotions and stress the caregiver experiences. We understand the personal side of caregiving, after going through our own family caregiving journey with our beloved father/grandfather. As an independent insurance agency, our goal is to help individuals and businesses protect the people they care about, including protection for the possibility of caregiving.
Facts About Caregiving
- Caregiving is more common than you may think. More than one in five Americans are caregivers (defined as providing care to an adult or child with caregiving needs within the last 12 months). This totals an estimated 53 million adults in the U.S. (AARP)
- Caregiving spans all generations. In fact, 60% of first-time caregivers are Gen Z or Millennials. (Forbes)
- The financial impacts of caregiving are significant. The average caregiver spent about 25% of their household income to cover caregiving costs (AARP). Among working-age caregivers, one in three lost their income altogether by voluntarily leaving their jobs to manage caregiving duties (Rosalynn Carter Institute for Caregivers).