The Impact of Caregivers
The percentage of adult children providing personal care and/or financial assistance to a parent has more than tripled over the past 15 years. Adult children aged 50+ who work and provide care to a parent are more likely to have fair or poor health than those who do not provide care to their parents. Assessing the long term financial impact of caregiving for aging parents on caregivers themselves, especially those who must curtail their working careers to do so, is especially important, since it can jeopardize their future financial security.
Read more in the MetLife study Caregiving Costs to Working Caregivers.