Average Out-of-Pocket Cost to Care for Aging Family Member Is $5,531 Per Year
OPEN MINDS, The Behavioral Health & Social Service Industry Analyst The World in Which We Work Family caregivers caring for a spouse or parent with age-related disabilities spend an average of $5,531 per year to help meet the care recipients expenses. A previous study had estimated the yearly amount at $2,400. Caregivers paid for groceries, household goods, medications, medical co-payments, and transportation. These are findings of a report, entitled Family Caregivers What They Spend, What They Sacrifice, by Evercare in collaboration with the National Alliance for Caregiving. The researchers sought to provide an estimate of . . .