What is the financial cost of caregiving for family caregivers?

According to the National Alliance of Caregiving and Evercare, a division of UnitedHealth Group, out of pocket expenses for a caregiver can be anywhere from $5,500 to $8,728 a year. A typical caregiver is a 46 year old female working out of the home. Men represent 40 percent of caregivers.

The National Alliance of Caregiving says that $659,000 per person is lost on pensions, Social Security benefits and lost wages. Workforce Week estimates that nine percent of the caregivers who were employed left the workplace as a result of their responsibilities; three percent took early retirement and six percent left work entirely.

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