Nearly one quarter of American households provide care to relatives or friends age 50 or older. What is the fiscal toll on family caregivers who leave their jobs to provide that unpaid care? The question is addressed in a new policy brief released by FCA’s National Center on Caregiving.
According to the report, while long-term caregiving can tax the finances of any family, since ap-proximately 75 percent of caregivers are female, the economic effect is intensified for women. Women also provide “informal” (unpaid) care longer than men—in many cases, for more than five years.