“The Surprising Benefits and Costs of Family Caregiving,” by Maddy Dychtwald, Wall Street Journal

“Already, 40 million Americans are providing care to an adult family member or friend, most often to an aging parent or spouse. As the massive baby-boomer generation hits their 70s, the demand for family caregiving will skyrocket—and it’s poised to become America’s biggest off-the-books industry. In order to better understand the caregiving crunch, my firm, Age Wave, in partnership with Merrill Lynch, just completed a study, The Journey of Caregiving: Honor, Responsibility and Financial Complexity, that uncovers the rewards and sacrifices of this complex lifestage.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

This article and the study it describes offer interesting insights, some of them counterintuitive, about caregiving. It’s no surprise caregiving is complicated, challenging, multi-faceted and rewarding in surprising ways. But I don’t recall having seen percentages associated with those aspects before. Click through to the report itself for details.

The Surprising Benefits and Costs of Family Caregiving

#caregiving
#family
#goldencareagent