How Important Are Family Caregivers?
Very important indeed, according to a recent study by the Congressional Budget Office. The study found that the economic value of caregiving for older persons in 2011 to be 234 billion dollars, more than the amount of paid care from all other sources such as Medicare, Medicaid and and community services combined.
The magnitude of family caregiving dwarfs other public and private costs associated with providing long-term services and supports to people with disabilities of all ages. Public policies should recognize these contributions and provide greater support for the backbone of our nation’s long-term services and supports system — family caregivers.
Read more about the economic impact of family caregivers on the AARP’s website.