Silver Book Fact

Out-of-pocket costs to family caregivers

Being a family caregiver costs $5,531 in out-of-pocket direct costs each year.

Feinberg, Lynn, Susan C. Reinhard, Ari Houser, and Rita Choula. Valuing the Invaluable: 2011 Update–The Growing Contributions and Costs of Family Caregiving. AARP Public Policy Institute. 2011; http://www.aarp.org/relationships/caregiving/info-07-2011/valuing-the-invaluable.html

Reference

Title
Valuing the Invaluable: 2011 Update–The Growing Contributions and Costs of Family Caregiving
Publication
AARP Public Policy Institute
Publication Date
2011
Authors
Feinberg, Lynn, Susan C. Reinhard, Ari Houser, and Rita Choula
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Increased use of multiple prescription medications has been shown to raise the risk of adverse drug interactions for older adults. The risk of injury is associated with the use of…  
  • About 11% (3.7 million) of older Medicare enrollees received personal care from a paid or unpaid source in 1999.  
  • Spending on long-term care services for the elderly is projected to increase at least 2 1/2 times by 2050–to $379 billion.  
  • Hospital spending accounted for 31% of all money spent on health care in 2005, which was the largest share of overall health spending.  
  • By 2017, U.S. health care spending is expected to grow to more than $4.3 trillion and comprise 19.5% of the GDP.