Financial Health & Wellbeing
Family caregiving can have significant financial consequences, affecting caregivers’ ability to meet everyday expenses, maintain employment, save for the future, and achieve long-term financial security. When caregivers lack the support they need, the costs of caregiving can extend beyond the household, placing added pressure on families, employers, and health and long-term care systems.
Understanding the financial impact of caregiving is essential to building systems that support caregivers and the people they care for. Bringing together research, data, and resources on the financial realities of family caregiving helps inform policies and systems that recognize the value of caregiving, reduce financial strain, and advance greater financial security for all family caregivers.
Key Stat
47%
of family caregivers have experienced at least one negative financial impact because of caregiving
In our society, we don’t plan for the life of being a caregiver. We’re just dropped into it, and especially with the economy now, people are already struggling outside of being a caregiver. It’s a strain, and it’s a financial strain that can really bankrupt people.
Wendy, Connecticut, Caregiver to her mother
