Q4 — 2017 :
Chapter 03
Disruptive Aging, Effective Communication and the Impact of Caregiving
Transamerica Institute Releases Inaugural Survey of Caregivers
September 20, 2017

Nine out of 10 non-professional family caregivers feel that it’s important to provide a good quality of life for the person they care for, like helping, and enjoy spending time with the care recipient. However, many caregivers are providing care at their own risk. Fifty-five percent say that their own health is taking a back seat to the health of their care recipient. Sixty-nine percent gave little or no consideration to their own financial situation when deciding to become a caregiver. These findings are part of a new report, The Many Faces of Caregivers: A Close-Up Look at Caregiving and Its Impacts, released today by nonprofit Transamerica Institute and its Center for Retirement Studies (TCRS) and Center for Health Studies (TCHS). 

Transamerica Institute’s inaugural survey of 3,000+ non-professional caregivers nationwide examines their duties and the impact caregiving has on their personal health and well-being, employment, finances and retirement preparations. It offers an in-depth analysis and demographic portraits of caregivers by employment status, gender, generation, household income, ethnicity, and whether they are the primary caregiver and became a caregiver voluntarily or not. The report also offers detailed findings about care recipients, including their health status and financial situation.

Nine out of 10 non-professional family caregivers feel that it’s important to provide a good quality of life for the person they care for, like helping, and enjoy spending time with the care recipient. However, many caregivers are providing care at their own risk. Fifty-five percent say that their own health is taking a back seat to the health of their care recipient, and nearly a quarter (24 percent) have less than $10,000 in total household retirement savings.

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