Unpaid caregivers form the backbone of our long-term care system of services and supports, with much of that burden falling on women in or nearing retirement. According to the U.S. Department of Labor, women aged 55 or older account for more than one-third of all people providing unpaid eldercare, and one-fourth of those providing any form of unpaid adult care. They also account for about eight percent of people providing unpaid childcare.1 Whether you’re caring for a spouse, parent, or child, caregiving can take a toll on your health and well-being. Yet, caregivers often place their own needs last, putting them at increased risk of stress, burnout, depression, and loneliness due to isolation. That can have a detrimental effect on caregivers as well as the loved ones they care for on a regular basis. To help caregivers find much needed balance, the Caregiver Action Network recommends the following:2
1)Livingston, Gretchen, “Older Women and Unpaid Caregiving in the U.S.” Dol.gov, NOV 2023, https://www.dol.gov/sites/dolgov/files/WB/WBIssueBrief-OlderWomenAndUnpaidCaregiving.pdf. |
This information was written by Kris Kennedy in conjunction with KRW Creative Concepts, a non-affiliate of the broker-dealer.
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