Caregiving Cost and Facts 2018

Tuesday, March 13, 2018
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We can never get enough information on caregiving. As years go on caregivers are expected to decrease to care for the increase in our aging population. Some facts that are true:

 We are living longer

Every day 10 million people turn 65

Most elders want to live out in their homes

Family members are living apart from their parents

As we age we need more help doing simple things like grocery shopping, meal preparation, transportation etc.

Family Care Giver Alliance reports:

  • Approximately 43.5 million caregivers have provided unpaid care to an adult or child in the last 12 months. [National Alliance for Caregiving and AARP. (2015). Caregiving in the U.S.]
  • About 34.2 million Americans have provided unpaid care to an adult age 50 or older in the last 12 months. [National Alliance for Caregiving and AARP. (2015). Caregiving in the U.S.]
  • The majority of caregivers (82%) care for one other adult, while 15% care for 2 adults, and 3% for 3 or more adults. [National Alliance for Caregiving and AARP. (2015). Caregiving in the U.S.]
  • Approximately 39.8 million caregivers provide care to adults (aged 18+) with a disability or illness or 16.6% of Americans. [Coughlin, J. (2010). Estimating the Impact of Caregiving and Employment on Well-Being: Outcomes & Insights in Health Management.]
  • About 15.7 million adult family caregivers care for someone who has Alzheimer's disease or other dementia. [Alzheimer's Association. (2015). 2015 Alzheimer's Disease Facts and Figures.]
  • The value of services provided by informal caregivers has steadily increased over the last decade, with an estimated economic value of $470 billion in 2013, up from $450 billion in 2009 and $375 billion in 2007. [AARP Public Policy Institute. (2015). Valuing the Invaluable: 2015 Update.]
  • At $470 billion in 2013, the value of unpaid caregiving exceeded the value of paid home care and total Medicaid spending in the same year, and nearly matched the value of the sales of the world’s largest company, Wal-Mart ($477 billion). [AARP Public Policy Institute. (2015). Valuing the Invaluable: 2015 Update.]
  • The economic value of the care provided by unpaid caregivers of those with Alzheimer's disease or other dementias was $217.7 billion in 2014. [Alzheimer's Association. (2015). 2015 Alzheimer's Disease Facts and Figures.]
  • Distribution of caregiver age:
    • Average age: 49.2 years old
    • 48% of caregivers are 18-49 years old
    • 34% of caregivers are 65+ years old [National Alliance for Caregiving and AARP. (2015). Caregiving in the U.S.]
  • Distribution of care recipient age:
    • Average age: 69.4 years old
    • 14% of care recipients are 18-49 years old
    • 47% of care recipients are 75+ years old [National Alliance for Caregiving and AARP. (2015). Caregiving in the U.S.]
  • The number of hours dedicated to caregiving increases with the age of the caregiver.
    • Higher-hour caregivers are, on average, 51.8 years of age.
    • Lower-hour caregivers average 48 years of age.

Number of Hours Dedicated to Caregiving by Age of Family Caregiver

For further information on the above stats please contact:
 Family Caregiver Alliance
 National Center on Caregiving785 Market Street, Suite 750San Francisco, CA 94103(415) 434-3388(800) 445-8106
 Website: www.caregiver.org

Technology Demands

As the caregiver shortage grows the demands for technology will increase. Presently caregivers using technology systems are focused on calendar spreadsheet to track activities maange and deliver prescriptions shop for assistance either  assisted living or in home caregivers.

 

Check out the resources for this at: https://www.aarp.org/content/...technology/.../Caregivers-and-Technology-AARP.pdf

Helping our love ones, community members, aging friends and relatives is and will be always part of our living. The commitment to care is and can be overwhelming when we add in our own personal life, child raising, work, and relationships. Educating yourself on resources can assist you in finding the best care with the best intentions and with the best cost benefit.