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30% of American homes (40M total) provide some level of free care to loved ones. This % + # is much higher if we count caregivers who are over 50yoa. Most caregivers donate 26 hours/week. 25% are sandwiched between caring for their own children under 18yoa at same time caring for their aging parent. Men now account for 42% of caregiving. And 10% of kids 15-22yoa are caring for aging parents/grandparents also. The avg caregiver pays $7500/yr out-of-pocket, after-taxes to support care receiver. ALL of these #s + %s will increase for next 20 years.

I propose as society we do 2 things to incentivize families to care for aging loved ones. You can read more at my website What I Do | Helping Mom. We should provide $75K tax credit to families who take-in an aging family member, to live with them full-time. Second, we should compensate full-time trained family members $50K/year to care for family members determined by their medical doctors to be 100% disabled. This is far cheaper than $130K/yr avg for nursing homes, plus quality & quantity of care will be much higher. There are measures we can build in to avoid waste, fraud & abuse.

Please share your own ideas, at info@helping.mom

000pose at helping.mom we do 2 things as a society to help. To help offset this expense and unpaid