“Pandemic Takes Its Toll On Caregivers”

“Pandemic Takes Its Toll On Caregivers,” Advisor Magazine

 

Quote:

“The impact of the Covid-19 pandemic has been felt especially hard among the nation’s caregivers, according to the latest findings from Northwestern Mutual’s 2021 Planning & Progress Study. One in five (21%) of Americans report they are currently providing care for someone, and among them six in ten (59%) say that they have had to take on new or expanded caregiving responsibilities during the pandemic. … On average, nearly a third (31%) of current caregivers’ monthly budget goes toward providing care. Those costs include professional support as well as expenses for services caregivers provide themselves.”

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

To have LTC insurance when you need it plan now before you need it.