A Comprehensive Measure of the Costs of Caring For a Parent: Differences According to Functional Status
Loading...
Penn collection
Research Briefs
Degree type
Discipline
Subject
informal care
long-term care
caregiving
long-term care
caregiving
Funder
Grant number
Copyright date
Distributor
Author
Coe, Norma B.
Skira, Meghan M
Larson, Eric B.
Contributor
Abstract
Providing unpaid care for an older parent has costs that go well beyond a caregiver’s lost wages. A new estimate suggests that the median direct and indirect costs of caregiving are $180,000 over two years, about the same as full-time institutional care. This estimate accounts for lost earnings as well as non-tangible factors, such as lost leisure time and changes to the caregiver’s well-being. It suggests that informal care cost caregivers at least $277 billion in 2011, which is 20 percent higher than estimates that only consider lost wages.
Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2018-10-10