No one is immune to the sands of time. While you’d never make your loved one feel like a burden for needing care and support, family caregiving still requires significant physical, financial, and emotional commitment. According to a recently released TIAA Institute report, over 53 million Americans currently provide uncompensated caregiving for their families. Most of this uncompensated labor is provided by women, people of color, and Millennials.
An AARP report from 2023 showed that the estimated economic value of uncompensated family caregiving was $600 billion in 2021, up from $470 billion in the previous study in 2017.
