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Employment
  • Estimates indicate that 25% of the entire American workforce provided informal care.
    Dettinger, E., & Clarkberg, M. (2002). Informal caregiving and retirement timing among men and women: Gender and caregiving relationships in late midlife. Journal of Family Issues, 23(7), 857-879.


  • The number of employers offering LTCi as an employee benefit skyrocketed over the past decade to more than 4,700.
    Source: HIAA Survey: Growth in LTC Insurance Exceeds Tenfold Since 1987 Feb 4, 2003


  • 40% of the caregivers stated that they had to take time off without pay for an average of 17 days of work missed per year due to caring for a disabled elder, and these lost workdays translated to lost earnings of $5,393 per year.
    "Informal Caregivers of Disabled Elders with Long Term Care Insurance", Cohen, Weinrobe and Miller, 2000


  • Only 19% of caregivers believed their employers supported them a "great deal."
    "Women's Stress Heightened by Career-Eldercare Time Crunch", October 2002, Working Women Magazine: Genesis Health Ventures and National Association of Female Executives Poll


  • Economic losses valued as high as $29 billion per year.
    MetLife Study of Employed Caregivers: Does Long Term Care Insurance Make A Difference? March 2001


  • Employee eldercare turnover costs are estimated to be $5 billion a year.
    Joint Report of Fannie Mae and Business for Social Responsibility, March 2001


  • On average, individuals providing care for a family member will lose $566,000 in wages, $25,000 in Social Security, $67,000 in pension contributions.
    Focusing on Retirement Needs: The Period After Retirement, Journal of Financial Service Professionals, July 2000


  • 52% of those caring for an elderly relative or friend are employed full time.
    National Alliance for Caregiving, Senior Market Advisor Study, November 2002


  • 54% of working caregivers have made changes at work to accommodate their caregiving responsibilities.
    National Alliance for Caregiving, Senior Market Advisor Study, November 2002


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