In honor National Family Caregivers Month (November), we’ve launched two campaigns to help family caregivers count:
1. “A Dollar A Day, Every Day, for My Future.” Long-term care costs continue to increase* as family caregivers lose an estimated $3 trillion in wages, pension and Social Security benefits.** How will today’s family caregivers going to pay for their own care? How will a family caregiver today, tapped out financially because of the costs of caregiving and the impact of a recession, have any money to pay for the care they may need in our future? To help family caregivers plan for their future, Caregiving.com has launched an initiative: “A Dollar A Day, Every Day, for My Future.” The initiative asks family caregivers to put away a dollar every day for their future.
(Take out an envelope right now and write on it: “A Dollar A Day, Every Day, for My Future.” Then, put $1 (or four quarters or 10 dimes) in that envelope every day. When you save $100, open up a back account. Make a deposit every week. Do it for the rest of your life.)
2. Family Caregiver Database: To capture demographics about family caregivers, their health and their experience, Caregiving.com has launched a Family Caregiver Database. Persons caring for a family member or friend can add their details to our Family Caregiver Database here.
*Costs rose 4.4% or greater for those requiring long-term care in the U.S.,according to the newly released 2011 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs conducted by the MetLife Mature Market Institute.
**Americans who provide care for their aging parents lose an estimated three trillion dollars in wages, pension and Social Security benefits when they take time off to do so, according to “The MetLife Study of Caregiving Costs to Working Caregivers: Double Jeopardy for Baby Boomers Caring for Their Parents.” Produced by the MetLife Mature Market Institute in conjunction with the National Alliance for Caregiving and the Center for Long Term Care Research and Policy at New York Medical College, the study reports that individually, average losses equal $324,044 for women and $283,716 for men. The percentage of adults providing care to a parent has tripled since 1994.
- A Theme for You (caregiving.com)
- A Commentary: Inside The Community of Caregiving (caregiving.com)
- Long-Term Care Costs Rise 4.4% or More (caregiving.com)
- Caregiving’s Cost: $3 Trillion in Lost Wages, Pension and Social Security Benefits (caregiving.com)