Valuing the Invaluable: Putting a Dollar Value to Family Caregiving.
In 2013, about 40 million family caregivers in the United States provided an estimated 37 billion hours of care. The estimated value of care. The estimated value of their unpaid service was approximately $470 billion.
How does family caregiving compare?
(2013-2014 in billions)
Walmart Annual Sales $477
Family Caregiving estimated value $470
Combined Annual Sales of Apple, IBM, Hewlett Packard and Microsoft $469
Total Medicaid Expenditures: $449
Caregivers spend an average of 18 HOURS PER WEEK providing care to a family. 60% Family caregivers caring for an adult while employed full or part time. Provide 21+hours of family care per week while working a job is 22%.
68% Family caregivers who say they have to use their own money to help provide care to their relative. 39% felt financially strained.
55% of Caregivers who felt overwhelmed by the amount of care needed for a family member.
1 in 4 workers age 25+ are family caregivers. 72% are workers 40+ that say allowing work flexibility for caregiving would help improve work/life balance.
*AARP: Real Possibilities: from the AARP Public Policy Institute pamphlet.
Disclaimer: This is taken directly the AARP Family Caregiving pamphlet from July 2015. To all of you burnt out caregivers, this is something to show those family members who do not want to be involved with their loved ones care, who say that they ‘too busy’.
I am a free-lance writer and Blogger. I am the author of the book "Firehouse 101" (IUniverse.com 2005) part of trilogy of books centered in New York City. My next book "Love Triangles" is finished being edited and should be ready for release in the Fall. My latest book, "Dinner at Midnight", a thriller is on its last chapter. My long awaited book explains the loss of the 2004 Yankee game to Boston.
I work as a Consultant, Adjunct College Professor, Volunteer Fireman and Ambulance member and Blogger. I have a blog site for caregivers called 'bergencountycaregiver', a step by step survival guide to all you wonderful folks taking care of your loved ones, a walking project to walk every block, both sides, of the island of Manhattan "MywalkinManhattan" and discuss what I see and find on the streets of New York and three sites to accompany it. One is an arts site called "Visiting a Museum", where I showcase small museums, historical sites and parks that are off the beaten track both in Manhattan and outside the city to cross reference with "MywalkinManhattan" blog site. Another is "DiningonaShoeStringNYC", featuring small restaurants I have found on my travels in this project, that offer wonderful meals for $10.00 and under. So be on the lookout for updates on all three sites and enjoy 'MywalkinManhattan'. The third is my latest site, "LittleShoponMainStreet", which showcases all the unique and independent shops that I have found on my travels throughout and around Manhattan.
I have started two new blog sites for the fire department, one "EngineOneHasbrouck HeightsFireDepartmentnj" for the Hasbrouck Heights Fire Department to discuss what our Engine Company is doing and the other is "BergenCountyFireman'sHomeAssociation" for the Bergen County Fireman's Association, which fire fighters from Bergen County, NJ, go to the Fireman's Home in Boonton, NJ to bring entertainment and cheer to our fellow brother fire fighters quarterly.
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A message to all of you are hardworking caregivers, I have heard you and I wanted to let you know the service you provide to your family and friends does not go unnoticed. God Bless all of you for making this commitment. You are not alone in this journey! Keeping reading for more information.
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