Quote of the Week: Caregiving Often Falls to Women

“The average caregiver in 2009 was a 49-year-old woman who had a job outside the home and spent nearly 20 hours per week providing unpaid care to her mother, according to a 2011 AARP Public Policy Institute study.”

Emanuella Grinberg, CNN, April 9, 2012, “Caregiving for loved ones the ‘new normal’ for boomers”

We hosted a wonderful client luncheon seminar yesterday in our office on the subject of caregiving (we’ll make sure to give you a detailed summary next week). 

What was particularly interesting was that, of the people there, almost all (men as well as women) are caring for aging parents in their 80s, 90s, and even 100s.  Several clients are caring for two parents or in-laws, some have parents living with them in their homes, some schedule a weekly shopping expedition with their house-bound parents, and so forth.

It would be hard to overestimate the devotion, time and energy we see clients consecrating to making sure their elders have a comfortable life, now that they are no longer able to independently care for themselves.

Bravo to all of you! We know it is not always an easy choice to make. As noted in Emanuella Grinberg’s article above, “trying to create the best possible quality of life for an aging relative is “the new normal” for 43.5 million Americans caring for someone older than 50.”

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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