Nearly 10 million adult children over the age of 50 care for their aging parents.
These family caregivers are themselves aging as well as providing care at a time when they also need to be planning and saving for their own retirement. The MetLife Study of Caregiving Costs to Working Caregivers: Double Jeopardy for Baby Boomers Caring for Their Parents was produced by the MetLife Mature Market Institute in partnership with the National Alliance for Caregiving and the Center for Long Term Care Research and Policy at New York Medical College.
The study analyzes data from the 2008 panel of the National Health and Retirement Study (HRS) combined with estimates to determine the extent to which older adult children provide care to their parents, the roles gender and work play in that caregiving, and the potential cost to the caregiver in lost wages and future retirement income as a result of their…
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