Putting a Price on Caregiving

The value of unpaid family caregivers is staggering — an estimated $470 billion, according to a new AARP report — but as far as I’m concerned, no dollar figure can ever come close to our true value. I know that my contributions as my family’s caregiver go far beyond the amount it would cost to pay someone else for the hours I provide care, and I’m sure others like me would agree. In my case, there are my financial investments in his well-being, including the …

Who Cares? Boomers Don’t Want to Live With Their Adult Kids, Either

Guess what Millennials? Your boomer parents aren’t dying to move in with you if they need care in retirement. That’s one of the takeaways of a new study. (With three young adult children, that’s what first caught my eye!) Bankers Life and Casualty Company’s Center for a Secure Retirement surveyed 1,299 Americans ages 49-67 (boomers) with an annual income of $25,000-$75,000 to find out their views on their future as recipients of care. In the study, boomers say that in the past …