Long-Term Care, Steep Costs Even When It's 'Free'
Whether clients
choose unpaid care or rely on it out of necessity, it's important to understand
the hefty costs of such care.
EARLY RETIREMENT
Family
care-giving often leads to the caregiver quitting a job. According to the AARP
"Valuing" study, around 22% of retirees left the workforce earlier
than planned in order to care for an ill spouse or family member.
Around
83% of people in their prime working years (ages 51 to 54) may need to take
care of their own parents or their parents-in-law, according to research cited
in the AARP study. For those nearing retirement (60 to 69 years), more than 45%
face the risk of needing to care for a parent.
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