A first of its kind study on the topic of caregiving, particularly financial caregiving, a new Age Wave/Merrill Lynch study takes a deep dive into the complex journey undertaken by the nation's rank of family caregivers – now 40 million strong. This study marks the beginning of a new, multiyear research series that investigates five distinct life stages: early adulthood, parenting, caregiving, widowhood, and end of life.
The first study in the series, “The Journey of Caregiving: Honor, Responsibility and Financial Complexity” examines the responsibilities, sacrifices, and rewards of caregiving – a life stage that nearly all Americans will participate in at some point in their lives, either as a caregiver, care recipient or both. As the reality of an aging society shifts the weight of our long-term care system onto the shoulders of family caregivers, many find themselves in this role unexpectedly and ill-prepared for the financial, emotional and functional challenges that befall.
Greetings – I am delighted to share our new study on Caregiving conducted in partnership with AgeWave.
Key findings include:
In a recent HuffPost article, Age Wave founders Maddy and Ken Dychtwald also explore some of the study's key findings and discuss the lessons learned from their own first-hand experiences with caregiving. Learn about tips and resources on how to prepare for this substantial, yet often gratifying journey.