At a time when many have dreams of finally taking a long-awaited trip or dominating the pickleball court, a growing number of retirees are instead spending much of their time and money on caring for others—and risking their own financial security.
An estimated 19% of unpaid family caregivers were 65 or older in 2020, up from 13% in 2004, according to reports by the National Alliance for Caregiving and AARP. By 2030, the Census Bureau expects the population of adults over 65 will surpass children, indicating the older share of caregivers will also continue to rise.
