
This month, AARP released a report: Valuing the Invaluable 2023 Update. While no one has to tell caregivers how much free labor they provide while caring for their loved ones, it does help to calculate a value for caregiving work and have a well-known organization like AARP broadcast how much economic value caregivers provide.
Among the highlights of AARP’s report:
- In 2021, approximately 38 million Americans spent 36 billion hours caring for adults with a range of health conditions.
- The estimated economic value of that care is $600 billion.
- 60 percent of caregivers juggle a full- or part-time job and care.
- 40 percent of caregivers say juggling a job and caregiving duties is their biggest and most emotionally stressful challenge.
- 30 percent of caregivers are “sandwich caregivers” caring for two generations at the same time.
- Caregivers come from diverse populations and an individual’s culture informs their caregiving experience.
In addition to the findings, the AARP report made several recommendations. The AARP advocates for the passage of caregiver support legislation and strengthening paid family leave, offering caregiver tax credits, expanding respite care options and making sure caregivers are part of their loved one’s care plan.
How many reports will have to be produced for our government to take caregiving seriously? Every year I highlight such reports and the progress we’ve made to support caregivers is frustratingly slow. Keep telling your caregiving story to whoever will listen.