Silver Book Fact

Economic contributions of family caregivers

Family caregivers contribute an estimated $450 billion each year in economic value.

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

  • In 1999, nearly 40% of caregiving children were assisting parents who were age 85 or older, compared to about 34% in 1994. Nearly 13% of caregiving children were age 65…  
  • Number of People Reporting Selected Chronic Diseases, 2003  
  • The national median rate for homemaker (or personal care assistant) services in 2011 was $18/hour.  
  • From 2008 to 2016, combined state and federal Medicaid spending is projected to grow an average of 8.1% per year and to represent 16.4% of national health expenditures by 2016.  
  • The Working Population