Salaried Family Caregivers? Something to think about.

There is an interesting story on WSJ.com today called " Getting Paid to Take Care of Mom and Dad." It talks all about an alternative to the feuds that can arise when it comes to unequal inheritances - that is, leaving more to children who have taken on significant caregiving duties. Sounds kind of ugly, right?
How about this: entering into a formal "caregiving contract" with your child is a way to "reward" family members who take on the responsibility of caregiving. The article cites a study from AARP and the National Alliance of Caregiving that says that on average, caregivers provide more than 20 hours of care a week; and the average length of time spent providing care is 4.3 years. Multiply that by the estimated quarter of the adult population in the U.S. providing care to an elderly loved one...and those hours really add up! It might make sense for those individuals to open such a "caregiving contract" and make a modest salary for the time and dedication they put into caring for their loved one.
Could still be an uncomfortable situation...for both the parent paying the child, the child accepting money from the parent, and/or the sibling who isn't able or willing to take on the caregiving responsibilities. What do you think?

Search AARP Blogs

Related Posts
February 04, 2016 09:00 AM
When Dad was diagnosed with Alzheimer’s disease, I knew he would need all of his senses to help interpret the world around him and balance his changing cognitive abilities. But he has hearing impairment and limited vision (glaucoma plus visual-processing problems associated with Alzheimer’s). Even though there is only so much I can do about the visual issues, I assumed  hearing aids would solve his auditory problems. I was wrong. The good news is that we eventually discovered a surprisingly simple solution.
February 01, 2016 10:00 AM
The phone rang one day when I was at work. It was my mom. “Come right away, Elaine, we need you,” she said. Mom had just driven Pop to the emergency room. I knew Pop must have been very sick, because Mom hadn’t driven a car in years.
January 21, 2016 01:00 PM
I have been both a live-in caregiver and a long-distance caregiver. In fact, currently, I’m really both. My dad lives with me (as do my sister and her two sons at the moment), and I also travel for work, about a week every month. I’ve learned to manage my loved ones’ care no matter where I am. Here are some of my tips for other long-distance caregivers.