AARP

AARP Finds Value of Unpaid Family Caregiving in Illinois Hits $17 Billion

Published in Healthcare Mergers, Acquisitions and Ventures Week, December 13th, 2008

With the economy continuing it's downward turn, family caregivers are stepping up to the plate to help loved ones in need. A new AARP report found the value of unpaid family caregiving in Illinois hits over $17 billion, more than a $1 billion increase since 2006. While nearly 1.5 million family and friends in the state provide care for relatives, that number climbs as high as 2.3 million when short-term caregivers are taken into account.

According to the AARP Public Policy Institute Report, nationally, the value of family caregiving is $375 billion - 7 percent higher than in 2006, when the estimated value was $350 billion. The value exceeds the $311 billion spent on...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2008-12-13)

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