Too often we underestimate the time obligation of caregiving. Adult children step up to be the primary hands-on caregiver having no idea that they may spend as much time caring for their parents as they spent raising their children.
We tend to think that we can burn the candle at both ends – that we can do it all. We think we can manage kids, career, spouse, house, and parents. If caregiving were a sprint, we could probably do it all. Unfortunately, it’s not. Caregiving is a marathon that you could easily spend 15 years focused on the health and well-being of your parents. Click the link above to learn more.
As The Wesley Communities approach 50 years of excellent service, our CEO Peg Carmany offers “Peg’s Perspective” on a variety of topics affecting seniors and their adult children as they plan and choose to age well – 50 tips to celebrate 50 years!
Tip #18 of 50 – Where do I even begin?
If you are a senior living in your home or condo (or an adult child trying to help your parent or relative in this situation), you may know that living alone, for a variety of reasons, is not working. There may be a variety of obstacles in your world that make living at home either uncomfortable or perhaps impossible. Eyesight or hearing loss is oftentimes a big contributor, along with failing physical strength. Laundry room in the basement, anyone? Driving at night sometimes becomes problematic, and eventually, driving at all is problematic.
So, where to begin? First, take heart. There are many options available to you, and they’re not nearly as overwhelming as you might imagine. To learn more about the options available to you when living at home alone is no longer working, click the link above.
Caring for an aging family member is a labor of love. But study after study also shows the emotional, physical, and even financial stress that the caregiver incurs as a result.
Research conducted by MetLife revealed that approximately 10 million adult children over the age of 50 (that’s roughly a quarter of all Baby Boomers!) have taken on the role of caregiver for their aging parents, helping with a variety of tasks–everything from running errands and cooking to bathing and using the toilet. It’s a lot to take on, especially for caregivers who may also be juggling a career and their own children, which is likely why caregivers over age 50 who work and provide care to a parent are more likely to have fair or poor health as compared to peers who do not provide elder care.
A few other noteworthy stats from the study:
- Adult daughters are more likely to provide help with daily care, and sons are more likely to provide monetary assistance.
- The total estimated aggregate lost wages, pension, and Social Security benefits of these adult-child caregivers is nearly $3 trillion.
- For women, the total individual amount of lost income (wages, Social Security benefits, pension) due to leaving the labor force early and/or reducing hours of work because of caregiving responsibilities averages $324,044. For men, it averages $283,716.*
Yet despite all of these physical and financial drawbacks, the adult-child-as-caregiver trend continues to grow rapidly in the United States. The MetLife study showed that the number of adult children providing personal care and/or financial assistance to an aging parent has more than tripled over the past 15 years.
Caring for the caregiver
It seems that caring for an aging parent is here to stay. So what can caregivers do to help alleviate some of the stress associated with the gig? Click the link above to learn more.