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As baby boomers continue to age, the demand for family caregivers keeps climbing. These informal caregivers are spouses, adult children, friends grandchildren, and neighbors. They are 62 million strong and expected to almost double in ranks over the next 30 years. With the demands of caregiving, come some hidden costs families don’t often expect. It can lead to an adult child dipping in to their retirement fund or a child’s college fund to cover the expenses.
So what are the true costs of being a family caregiver?
The bottom line when you are debating the best and most cost-effective senior care solution is to be certain you are considering all the costs. You might be surprised at the true cost of caring for a senior love.
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