Being a family caregiver is a labor of love that comes with a lot of responsibilities. While it’s hard to put a price on caring, it also comes with some real out-of-pocket costs for you. AARP research shows family caregivers spend close to $8,000 per year of their own money caring for family members who are aging, ill, or living with disabilities. Caregivers may be picking up groceries, helping with housework, or making trips to the doctor or pharmacy: all the little things add up. Having a clear picture of what’s involved— whether it’s your care recipient’s health, housing, or finances—lets caregivers plan ahead and make the juggling act a little easier.
This guide is intended for:
- Human resource managers and leadership tasked with designing a caregiving friendly workplace
- Working family caregivers who want to create financial plans and budgets for themselves and their care recipients
Use this guide to:
- Inform employees on available caregiving resources and support for financial planning