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 2003, over 162 million cases of seven common chronic diseases (cancer, diabetes, heart disease, hypertension, stroke, mental disorders, pulmonary disorders) were reported in The United States, while only 109…  
  • Quality-of-care scores were found to decline with age. The percentage of recommended care received by individuals age 18-30 was 57.5%, compared to 52.1% for those 65 and older.  
  • 11% of caregiving spouses were age 85 or older, up from 8.6% in 1994.  
  • The Number of People with Chronic Condtions is Rapidly Increasing  
  • Out-of-pocket health care for seniors in 2010
    In 2010, older Americans spent over a third of their Social Security checks on out-of-pocket health care expenses.