53M

Americans taking care of loved ones unpaid¹

Providing

$470B

in unpaid care anually²

Costing the economy

$264B

in lost work and health per year³

What in the world is happening?

Care is getting prohibitively expensive.⁴

In-home care

$61,776

per year

rising cost of care graph

Nursing homes

$108,405

per year

rising cost of care graph

Assisted living

$54,000

per year

cost of care increasing graph

Families are shouldering the costs

$7,424

spent out of pocket annually⁵

3X

suicidal ideations vs. non-caregivers⁶

1 in 3

lost or reduced their source of work income⁷

For National Family Caregivers Month, we surveyed over 1,000 family caregivers

3 out of 4 people illustration

77% female

population representative ethnic breakdown

Ethnically representative

age distributed graph

Age distributed

Here is what we found.

PANDEMIC

COVID has exacerbated caregiving situations.

Only 1 in 3

family caregivers planned to take on this role prior to the pandemic

person

person

person

50%

live with their loved ones, up from 34% in 2015 and 40% in 2020

2015: 34%

2020: 40%

2015: 50%

FINANCES

The financial squeeze is real, and getting worse.

45%

are financially strained, more than double the 18% in 2020

2020:
18%

2022:
45%

$

42%

have taken on additional debt in 2022, up from 23% in 2020

man carrying weight of debt

2020: 23%

man carrying weight of debt

2022: 42%

1 in 2

have sacrificed going on vacation in order to finance caregiving

person

2 out of 3

expect costs to continue rising in the next 6 months

person

person

person

WORK

Caregiving stifles the ability to work and build wealth.

84%

are working on top of caring for a loved one, up from 61% in 2020

2020:
61%

2022:
84%

80%

have faced negative impacts in the workplace, up from 61% in 2020

2020:
61%

2022:
80%

and 1 in 3

plan to leave work in the next 2 years to provide care full-time

open door illustration

60%

of non-working caregivers say caregiving plays a role in not working

building and caregiver illustration

and 1 in 2

non-working caregivers are concerned about their ability to re-enter the workforce

building an people illustration

HEALTHCARE

Family caregivers play a major role in healthcare.

3 out of 4

family caregivers are in regular contact with a loved one's doctor

83%

play a significant role in healthcare decisions

and 78%

would push their loved one towards a health plan that offers caregiver support benefits

checklist illustration

GOVERNMENT SUPPORT

Caregivers want and need support from the government.

2 out of 3

caregivers say that caregiving is a top 3 issue facing their families

pyramid illustration

73%

would be more inclined to support a candidate advocating for caregiver programs

voting illustration

Check out the detailed Givers 2022 National Family Caregiver Month Survey: The Current State of Family Caregiving for more details.

Read the Full Report

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Ready to help?
Support the Credit for Caring Act.

80% of voters 50 or older support the bipartisan Credit for Caring Act, which would provide a tax credit of up to $5,000 to family caregivers for expenses they incur while caring.⁹

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