AARP
AARP: Family Caregiving Valued at $350 Billion
Published in Hospital and Nursing Home Week, July 12th, 2007
The economic impact of informal caregiving on the U.S. economy is massive according to a new AARP Public Policy Institute study, Valuing the Invaluable: A New Look at the Economic Value of Family Caregiving. The study found that the contributions of family caregivers often go unnoticed, but in fact, their contributions are the foundation of the nation's long-term care system with an estimated economic value of $350 billion in 2006.
"Family caregivers play a vital role and are the backbone for the long- term care network in this country," said AARP Director of Policy John Rother. "But the unpaid services they provide are not without costs. Lost time at work and reduced...
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