HealthStudy: Taking Care of Family Costly for Caregivers

Study: Taking Care of Family Costly for Caregivers

-

- Advertisment -sslate

Family caregiving is rewarding and challenging, and it can also put a big strain on people’s wallets. A new study from AARP found unpaid caregivers looking after loved ones spend, on average, more than $7,200 out of their own pockets each year.

Bandana Shrestha, state director of AARP Oregon, said there are about 500,000 family caregivers in the state, and she describes them as the backbone of the long-term care system.

“They are providing care that is really essential for people to have quality of life and to be able to live, often, independently in their own homes,” Shrestha explained. “And the person who is providing the care routinely spend their own money on caregiving.”

caregiving

Shrestha pointed out caregiving comes in many forms, from helping around the house to performing complex medical tasks, and that there are caregivers from every generation.

About half of the caregivers surveyed said they spent their own money on household expenses, and 30% spent money on rent or mortgage payments for the person they’re assisting.

About one-third of the survey respondents also said they’ve had to change their own work schedules, or take time off, which can add to the financial stress of caregiving.

caregiver

Shrestha said there is help in the works, in Washington, D.C.

“Congress is considering a bipartisan bill called the Credit for Caring Act, which would create a tax credit for working family caregivers, and that would be up to $5,000,” Shrestha stated. “That would really offset major expenses that we know caregivers are facing.”

AARP and more than 80 other organizations have endorsed the Credit for Caring Act.

Sunshine Slate
Sunshine Slatehttps://www.sunshineslate.com
Sunshine Slate is your news, entertainment, music fashion website. We provide you with the latest breaking news and videos straight from the United States of America.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Why is sociology on the chopping block in Florida?

Florida's education system is a proposal to drop sociology, the study of social life and the causes and consequences of human behavior

Marriott Homes and Villas vs. Apartments by Marriott: A Comprehensive Comparison

Marriott International, a global hospitality leader, offers two distinct vacation rental programs: Marriott Homes and Villas and Apartments by Marriott

Unlocking the Ultimate NFL Experience: Why StubHub Reigns Supreme for Season Tickets

When it comes to purchasing NFL season tickets, one platform stands out among the rest: StubHub.

Nurturing Ideas, Shaping Policy: The Vital Role of Think Tanks and Research Institutions in the USA

This article explores the crucial role that think tanks and research institutions play in the USA, delving into their functions, impact, and the challenges they face.
- Advertisement -

Best Apps and Games for your New Mobile Phone

We can install any app from the google play store very quickly. Let’s take a look at some most amazing apps for android mobile phones.

Florida Student groups defend Palestinian rights with lawsuits against state officials

The Students for Justice in Palestine chapters at the University of Florida and the University of South Florida are filing lawsuits against the deactivation orders
edealo.com
- Advertisement -sslate
transformerscon

Must read

Nurturing Ideas, Shaping Policy: The Vital Role of Think Tanks and Research Institutions in the USA

This article explores the crucial role that think tanks and research institutions play in the USA, delving into their functions, impact, and the challenges they face.

Best Apps and Games for your New Mobile Phone

We can install any app from the google play store very quickly. Let’s take a look at some most amazing apps for android mobile phones.
- Advertisement -
- Advertisement -sslate

You might also likeRELATED
Recommended to you