Friday, June 12, 2009
Caregivers have a hard time juggling their multiple responsibilities. As the video above demonstrates, they must make decisions on when and where to work, and how to support their needs, as well as those of their elder relatives. Most of these caregivers are women, who struggle to make ends meet. For them, less hours worked means less collected earnings, which over time will accumulate to less money saved, directly affecting their ability to be economically secure in retirement.
The Elder Economic Security Initiative™ works to ensure elders are able to age in place in their communities. The Elder Economic Security Standard™ Index, an Initiative tool, maps out on a county –by- county level what it costs for caregivers to take care of the needs of their elder loved ones (such as food, housing, health care, and transportation) and can be used as a basis for caregiver support though state and federal policy and programs.
The Initiative supports the proposed policy solution, the Elder Caregiver Support and Information Enhancement Act of 2009 (H.R. 519), introduced earlier this year. If signed into law, additional funds would be appropriated to the family caregiver support program.
Make sure you read our featured profile story on a caregiver from Wisconsin who struggled to make ends meet.
We are also interested in hearing your thoughts on the topic. Please comment below.
Posted by The Elder Economic Security Team at 4:44 PM