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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 recipient’s 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 . . .

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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 recipient’s 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 . . .

Want To Read More? Log In Or Become A Paid Member
Resource Available For Paid OPEN MINDS Circle Members Only
Not a paid member? Don't miss out! Sign up today and receive unlimited organizational access to all OPEN MINDS strategic advice, market intelligence, and management best practices – over 250,000 resources!
If you are already a paid member, log in to your account to access this resource and more. If you are a free member, you will need to upgrade to a paid membership before accessing this resource.

If you are not yet a paid member, learn more about the OPEN MINDS Circle Market Intelligence Service Membership on our website, reach out to our team at info@openminds.com, or call us at 877-350-6463.