Family caregiving can have a major impact on one's current and future financial situation. Read the new blog from AARP Public Policy Institute's Lynn Friss Feinberg to learn how much families spend on the out-of-pocket costs of caregiving, and which families are most at risk.
Caregiving families feel great uncertainty and high anxiety about how they will continue to pay for long-term services and supports (LTSS) for a relative or close friend with increasing self-care needs. And for good reason. Family caregivers not only provide help with daily activities and carry out complex medical and nursing tasks, they also spend a considerable amount of money out of pocket for caregiving.
To read the rest of the blog post, click here.