Washington Post (November 29)—Eldercare.gov mentioned
We talk about the joys of caregiving, but it can take an emotional and financial toll on even the most loving person. In September, I fell and fractured my right foot in two places. I'm mobile now, but for a few weeks I couldn't do much for myself. It was torture lying there waiting for help. It was a preview of what it might be like should I need long term-care assistance when I can no longer do basic activities such as eating, dressing and bathing. This is the second of a two-part series on caregiving. I first looked at why your loved one may not be so receptive to your caregiving. In this installment, I'd like to address the issues caregivers face.
AARP conducted a study among family caregivers to determine their expenses. The report estimated that family caregivers spent an average of about $7,000 per year on out-of-pocket costs related to caregiving in 2016. Some caregivers spent much more -- often at the expense of their own financial well being.